Economy

ERB Announces Rare Price Reduction

erb-1The Energy Regulation Board has announced a rare downward adjustment of prices with effect from midnight.

According to the ERB Board Chairperson Francis Yamba the reduction has been triggered by a change in economic fundamentals like the stability in the exchange rate.

The price for petrol has been reduced K1.20 per litre while diesel has been slashed by a K 0.68 margin with a K 1.22 for Kerosene.

 

16 Comments

  1. Cuthbert

    This is good to our community and Zambia at large

  2. bsj

    that’s gud. but businesses, especially Zambian ones, won’t reduce commodity prices, so end consumers will benefit almost nothing from such insignificant moves taken to improve z economy.

  3. Y-PACK

    Job well done let the price of goodies reduced

  4. bwinno

    R
    The marginal decrease in the fuel price will have insignificant change to the end user if the imported goods finished goods are more than export raw material eg copper unless there is job creation lncrease labour resource employ more teachers 2017 ,which will in turn reduce government borrowing and reduce fiscal policy

  5. PHIJO LTD

    WE THNX VRY MUCH 4 DA WEK DAN

  6. Holomann

    Mmm.A slash through such a narrow margin will have little impact on the prices of other commodities

  7. joshua brown

    it doesn’t make sense

  8. Mwishoy

    The buses and other commodities must also reduce.

  9. mwakole

    Comment…the goods produced from the last hike still…in the shelves…pipo who benefits are the same pipo in this same industry am saying this coz yester…morning few filling station had fuel…thy knew..

  10. KEMSES and SHIMONA

    thank u very mutch my president ECL, please reduce it down. I suport u again and again.

  11. emmi

    u see buses won’t reduce

  12. emmi

    Comment

  13. emmi

    buses wont reduce u will see..

  14. ROKA

    typical of Zambian,we don’t appreciate any thing good this is the opposition political party’s legacy.The adjustment may appear small but it will go a long way in helping those with vehicles.let’s do away with the I me and myself mentality

  15. Felix Bully Wamundila

    Buses also shud reduce. ..thank you.

  16. mpupho ya munda

    Utatasha pakanini takatashe napachikulu ,learn to apreciate gentlemen afterall we are zambian, give praise were its due ebuntu.

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