Russia/Ukraine War, Soaring World Oil Prices Hurt Zambia ….as raise in pump prices looms
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By Davis Mataka The raging four weeks Russia / Ukraine conflict is having a devastating impact on the world economy as high oil and food commodity prices continue to spiral. Third world economies especially non- crude oil producing nations like Zambia which are dependent on imports are bearing the brunt. The Energy Regulation Board ((ERB) is likely to announce higher fuel pump prices by Thursday this week. As the ripple effects of the war continue to reverberate around the globe, the price of a barrel of oil on the world market this week passed the US $100 dollars...