ERB reduces fuel pump prices

The Energy Regulation Board (ERB) has adjusted downward the pump prices of Petrol, diesel and kerosene including Jet A-1. Petrol has been adjusted to K26.61 per litre from K27.88 per litre, while diesel has been reduced to K23.25 per litre from K24.50 per litre, with Kerosene at K21.06 per litre from K22.24 per litre. Jet A-1 has also been reduced to K22.39 per litre from K23.80 per litre respectively.

ERB Board Chairperson, James Banda, says the reduced prices come into effect at midnight tonight and will remain in effect until March month end, this year. In a statement, Mr Banda has attributed the revised prices of the commodities to the exchange rate of the Kwacha against the United States Dollar. Not so fast, should have asked Donnie + Bibi first…