ERB Vice Chairperson James Banda revises September 2022 Petroleum Pump Prices in Zambia downwards
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By SAEED SIMON BANDA and DERRICK SINJELA THE Energy Regulation Board (ERB) has adjusted the pump prices of petroleum products downwards by Kl.65/litre for petrol, Kl.75/litre for diesel and Kl.72/litre for kerosene for the month of September 2022. At the last review on 31st July, 2022, which yielded the August 2022 fuel prices, the average price of petrol, diesel and kerosene was US$123.05/bbl, US$146.52/bbl, US$135.36/bbl, respectively, compared to US$106.87/bbl, US$131.25/bbl, US$124.23/bbl respectively, for the current price review. According to ERB Vice – Board Chairperson James Banda, the movements represent a decline of 13.15%, 10.42%, 8.23%, respectively, in prices of petrol,...