3 January 2017

Zambia: ERB Announces Rare Price Reduction

Photo: Daily News
(File photo).

The Energy Regulation Board has announced a rare downward adjustment of prices with effect from midnight.

According to the ERB Board Chairperson Francis Yamba the reduction has been triggered by a change in economic fundamentals like the stability in the exchange rate.

The price for petrol has been reduced K1.20 per litre while diesel has been slashed by a K 0.68 margin with a K 1.22 for Kerosene.

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