Zambia’s Energy Regulation Board (ERB) has maintained the pump price of petrol at K27.15 per litre for June 2026, while reducing the pump price of diesel from K33.99 per litre to K32.11 per litre.
The price of kerosene has also been reduced from K35.05 per litre to K33.91 per litre, while the price of Jet A-1 fuel has been adjusted downward from K37.98 per litre to K36.68 per litre.
The revised prices will remain in effect until the next fuel price review.
This was contained in a press release issued by ERB Board Chairperson, James Banda.
Mr. Banda attributed the fuel price adjustments to the continued geopolitical tensions in the Middle East.
He noted that the price of petrol continued to rise, while those of diesel and kerosene/Jet A-1 declined.
The average price of petrol increased from US$119.63 per barrel in the previous pricing window to US$124.24 per barrel. Meanwhile, the price of diesel declined from US$195.59 per barrel to US$155.64 per barrel, while the price of kerosene/Jet A-1 fell from US$196.56 per barrel to US$155.45 per barrel.
During the same period, the Zambian Kwacha strengthened slightly against the United States dollar, appreciating from K18.97/US$ to K18.56/US$. The combined effect of movements in international oil prices and the exchange rate formed the basis for the June 2026 fuel price adjustments.
Based on these developments, the ERB decided to maintain the pump price of petrol at K27.15 per litre, while reducing the pump prices of diesel, kerosene and Jet A-1 to K32.11 per litre, K33.91 per litre and K36.68 per litre, respectively.
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