Wed, 04 Jan 2017 14:36:42 +0000 By AARON CHIYANZO THE Energy Regulation Board (ERB) has reduced the wholesale and pump prices of all petroleum products with immediate effect following a reduction in international oil prices and the stabilization of the Kwacha. ERB vice chairperson Francis Yamba said yesterday that the price of petrol, which was at K 13.70, has been reduced to K12.50 while diesel has been reduced to K10.72 from K11.40. He also said that the price of Low Sulphur Diesel was now K13.01 from K13.69 and that kerosene had been reduced to K6.81 from K8.03. Prof Yamba explained that the price of petroleum products had been reduced because of the recent reduction in international oil prices from US$49 per barrel to US$45 per barrel and the stabilization of the Kwacha. He said that the price reviews were determined by analyzing the costs incurred after every consignment of petroleum products imported. Prof Yamba […]
