The Energy Regulation Board (ERB) has revised fuel pump prices downwards for February 2026, citing a decline in international oil prices and a significant appreciation of the Kwacha during the month of January In a press release issued by the Board, the ERB stated that the international price of petrol declined by 7.89 percent since the last fuel price review conducted on 31st December 2025. The price fell from US$73.25 per barrel to US$67.47 per barrel over the review period.
Diesel prices on the international market also recorded a reduction, declining by 3.80 percent from US$79.93 per barrel to US$76.89 per barrel. Similarly, the combined price of kerosene and Jet A-1 declined by 4.05 percent, falling from US$82.00 per barrel to US$78.68 per barrel.
In addition to movements in international oil prices, the ERB noted that the exchange rate performance during January 2026 played a major role in the pump price review. According to the Board, the Kwacha appreciated by 10.6 percent over the course of the month.
The exchange rate strengthened from an average of K22.30 to the United States dollar at the beginning of January to an average of K19.94 per dollar at the end of the month. The ERB stated that the appreciation helped reduce the landed cost of petroleum products.
Based on these developments and the need to manage pump price volatility, the ERB announced that it had revised the pump prices of petrol, diesel, kerosene and Jet A-1 downwards with effect from February 2026.
The pump price of petrol has been reduced from K29.92 per litre to K27.88 per litre, representing an absolute reduction of K2.04 per litre. This translates into a price decrease of 6.82 percent.
Diesel pump prices have also been adjusted downwards from K25.11 per litre to K24.50 per litre. The reduction represents an absolute decrease of K0.61 per litre, equivalent to a 2.43 percent change.
Kerosene has recorded one of the larger percentage reductions, with the pump price falling from K23.88 per litre to K22.24 per litre. This represents an absolute reduction of K1.64 per litre, or 6.87 percent.
The pump price of Jet A-1 has been revised from K25.53 per litre to K23.80 per litre. This reflects an absolute reduction of K1.73 per litre, equivalent to a 6.78 percent decrease.
The ERB also announced revised Posted Airfield Prices (PAP) for Jet A-1 at international airports. The new PAP has been set at K23.80 per litre at Kenneth Kaunda International Airport in Lusaka and Simon Mwansa Kapwepwe International Airport in Ndola.
At Harry Mwanga Nkumbula International Airport in Livingstone, the Posted Airfield Price has been set at K24.61 per litre, while Mfuwe International Airport will have a PAP of K27.04 per litre.
According to the ERB, the revised pump prices will come into effect at midnight on 31st January 2026 and will remain in force until the next review is conducted by the Board.
The ERB further stated that wholesale and pump price build-ups for February 2026 are available on its official website. The Board reiterated that fuel price reviews are conducted in line with prevailing international market conditions and exchange rate movements.
The press release was issued on Saturday, 31st January 2026, by order of the Board and signed by ERB Board Chairperson James Banda.
Great news indeed Lets all take advantage of this whilst it lasts
Really? Price cut in Zambia? Is it an election ploy? Here in Rustenberg Azania, where I have migrated to it happens now and then but in Zambia? I doubt. Prepare for a cure for covid from UTH
Really? Price cut in Zambia? Is it an election ploy? Here in Rustenberg Azania, where I have migrated to it happens now and then but in Zambia? I doubt. Now Prepare for a cure for covid from UTH
When the Zed kwacha strengthens, it is a highlight vital for survival and success. Let’s all be optimistic for a long term basis.
What you call optimistic or long term ??
another 50 years of being deceived ??
So kwacha strengthens by 10%, and fuel price reduces by 6%. This means you are paying 4% more for fuel in dollar terms. Don’t be so easily cheated
The villager in Chipata and the slum dweller in Misisi will appreciate the relief in terms of transport costs. A rising tide lifts all boats ,they say. Americans enjoy the strength of their dollar world wide when they travel.
Thank you HH for your steering of the Zambian economy into dynamism that was absent during the lost PF decade . It is working slowly and steady.
Thank you for starting to work in your final year
Does any right thinking person expect anything to increase this year the way it has been in the last 4 years. You were even told through out that they would increase to reduce, one wonders what economics
How can we implement in our constitution a situation where every year becomes an election year so that politicians can start to work?
All the signals have turned green? Load shedding has gone,kwacha best performing currency,fuel prices dropped. Is it election
Year benefits?
I suggest we hold elections every single year kikikikikiki!
…………
Bring it on…………
While the opposition sue each other’s black ar.ses. in courts …….
Keep giving rewarding the Zambian people for their patience………
If it carries on on this trajectory, I see Zambians begging HH for more than 2026
We are here
FWD2041
What are black arses? Something that the ruling party doesn’t have?