Petrol Prices Go Up
Written by Mafken FM Newsroom on 1 January 2025
By Staff Reporter
The Energy Regulation Board (ERB) has revised the pump price of petrol upward by 1 kwacha per litre from 33 kwacha 67 ngwee per litre to 34 Kwacha 67 ngwee per litre.
Chairperson of the ERB Board of Directors James Banda says the prices of diesel, kerosene and jet A-1 have not been adjusted because the resultant changes in the wholesale prices were below the trigger band threshold of 2.5 percent.
Mr. Banda says in December 2024, the Kwacha steadily depreciated against the United States Dollar by 3 percent thus, the combined effect of the major pricing variables resulted in a notable movement in the domestic price for petrol.
Addressing the media, Mr. Banda stated that the prices of diesel, kerosene and jet A-1 have been maintained at 32 kwacha 43 ngwee per litre, 28 ngwee 67 per litre and 31 kwacha 49 ngwee per litre, respectively.
The prices come into effect at midnight on 31st December 2024 and shall remain in effect until revised by the ERB.
