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
00:47
Zambia's Scott, once Africa's only white leader, dies at 82
11:17
Can OPEC-style alliance help Ghana, Ivory Coast beat cocoa slump? [Business Africa]
11:16
Energy security: Heat waves test Africa's power grids [Business Africa]
01:11
Timbuktu without water or electricity as fuel shortage shuts down power station
01:08
South Africa's appeals court grants Lungu's family burial right
02:21
Fuel shock sparks electric bike boom in Kenya