Zambia
Zambia’s energy regulator has said fuel prices will increase from midnight on Monday due to rising international oil prices and the depreciation of the local currency ,kwacha.
The Energy Regulation Board (ERB) said, the pump price of petrol would be increased to 13.75 kwacha or $1.41 per litre from 12.97 kwacha, while that of diesel would rise to 12.01 kwacha per litre from 11.09 kwacha, t
It noted that the price change was effective on Monday the 12th February, 2018 at midnight, adding that the hike would ensure security of supply’‘.
Zambia’s local currency, kwacha is down nearly three percent year-to-date against the dollar, mainly dragged down by a recent slump in global copper prices, the southern African nation’s chief export.
$1 is equivalent to 9.7200 Zambian kwacha
Reuters
02:04
Libya energy crisis leaves parts of oil-rich country struggling
01:11
Zambia courts shut on final day for election challenge
00:56
Police summon Zambian opposition leader for questioning after disputed vote
11:19
DRC: Will the copper export ban finally deliver mineral sovereignty? {Business Africa}
00:49
South Africa: Consumer inflation rate eases in July for first time in five months
01:47
Zambia's opposition leader expresses 'grave concern' as vote count suspended