Zambia’s energy regulator, the Energy Regulation Board (ERB), has reduced pump prices for all petroleum products for August 2026, citing lower international oil prices despite the depreciation of the kwacha.
ERB Board Chairperson James Banda said in a statement that international petrol prices declined from US$105.82 per barrel to US$96.92 per barrel, while Jet A-1/kerosene prices dropped from US$158.97 per barrel to US$123.59 per barrel.
Diesel prices remained largely stable, edging up slightly from US$125.65 per barrel to US$126.58 per barrel.
During the same period, the kwacha depreciated against the US dollar, weakening from K18.35 to K19.01 per US$.
The new national uniform pump prices per litre are:
- Petrol: K25.29, down from K26.15
- Diesel: K26.86, down from K28.11
- Kerosene: K27.02, down from K28.32
- Jet A-1: K28.71, down from K30.27
The adjustments represent price reductions of 3.29 per cent for petrol, 4.45 per cent for diesel, 4.59 per cent for kerosene, and 5.15 per cent for Jet A-1.
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