
06/08/2025
ENERGY EXPERT COMMENDS ERB ON FUEL PUMP PRICE
Energy Expert, Boniface Zulu say's Energy Regulations Board's (ERB) decision to maintain fuel prices for August 2025 is both commendable and concerning.
In a statement made available to ZANIS in Chilanga District, Mr Zulu indicated that while the move provides short-term relief to consumers, it also raises concerns about the long-term viability of the petroleum supply chain and broader economic implications.
He explained that maintaining pump prices at K28.00 per litre for petrol and K23.13 per litre for diesel offers stability for households and businesses grappling with inflation and economic uncertainty.
Mr Zulu noted that the Kwacha's 4.04 percent gain against the US dollar in July, from K24.27 to K23.29, helped offset rising international oil prices, particularly for diesel and Jet A-1.
He, however, noted that the decision creates a distorted pricing structure that doesn't reflect actual market conditions.
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