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Alba Iulia
Thursday, October 22, 2020

No Fuel Price Review Disccusion despite 20% Kwacha Depreciation-ERB

Economy No Fuel Price Review Disccusion despite 20% Kwacha Depreciation-ERB

The Energy Regulation Board (ERB) has clarified that currently there is no fuel price review discussions contrary to assertions of a possible fuel price hike following the 20 percent depreciation of the kwacha.

ERB Manager Public Relations Kwali Mfuni has explained that the importation of petroleum feedstock and finished petroleum products is currently in progress.

“The Energy Regulation Board Wishes to inform its stakeholders and the general public that there is no fuel review under discussion at the moment contrary to rumors of a purported planned fuel price increment of about 20 % attributed to depreciation of the kwacha in the past few weeks,” said Ms. Mfune.

She explained that fuel prices reviews in the country are only done upon importation of petroleum feedstock and finished petroleum products.

Ms. Mfune added that a fuel price review will only be made once documentation for a news cargo has been availed to the ERB.

“Therefore as per standard practice, stakeholders and members of the public would be informed once the price review process is undertaken”, she stressed.

This is according to a press statement made available to the media in Lusaka yesterday by ERB Manager Public Relations Kwali Mfuni

4 COMMENTS

  1. “…..Ms. Mfune added that a fuel price review will only be made once documentation for a news cargo has been availed to the ERB…..”

    They are ready to increase, despite fuel prices being under $30 / gallon for more than 3 months….

    Now they are pre tuning the public for the increase after HH called out lungu to explain how his gang has been profiteering from low global fuel prices…

  2. Our people come first. We will ensure to subsidize any increase in costs to cushion the effect on our people. Ba diaspora why are you commenting on here, surely there are more pressing issues in your country there abroad with a second wave of corona on the horizon. Have you forgotten how people there died like chickens. Do not worry about Zambia. We are fine . Worry about your life

    3
    1
  3. Editor!!
    Please spell check your posts, her name is

    KWALI MFUNI !!!
    NOT
    MFUNE

    Please stop misspelling her name!!!
    online reader.

Comments are closed.

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