Zambia’s Energy Regulation Board (ERB) has kept pump prices for petroleum products unchanged for September, despite upward pressure on international oil prices and exchange-rate movements.
ERB Board Chairperson James Banda said in a statement on Monday that international prices for petrol, diesel, kerosene and Jet A-1 had come under pressure due to geopolitical tensions in the Middle East and movements in the exchange rate.
The regulator said it had maintained the prices through measures including the suspension of excise duty, zero-rating of value-added tax and the use of its regulatory price-smoothing mechanism.
The national uniform pump prices per litre will remain:
- Petrol: 25.29 Zambian kwacha
- Diesel: 26.86 Zambian kwacha
- Kerosene: 27.02 Zambian kwacha
- Jet A-1: 28.71 Zambian kwacha
Banda said the prices would remain in force until the next scheduled review.
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