ERB strikes again

.....Bowa accuse Ukraine war for the spiking fuel prices

Published from Blogger Prime Android App 
By Francis Maingaila
Lusaka -(30-06-22-Zambia24) - The Energy Regulation Board (ERB) has effected an upward adjustment of Petrol, Desiel and Kerosine effective midnight tonight.
ERB board chairperson who announced the adjustment at a media briefing told journalists that the pump prices of petroleum products is K1.80/litre for Petrol, K2.37/litre for Diesel and K2.51/litre for Kerosene.

Published from Blogger Prime Android App  
He explained that the adjustment in the pump prices is due to the unprecedented increase in the price of petroleum products on the international market.
Bowa auggested that the marginal appreciation of the Kwacha of the local currency has made against the major world currency uas little or no effects on the fuel prices.
He market pump prices far outweighed the rise in international oil prices
The said the other contribution factor to the fuel hike us the conflict in Ukraine which has continued to push the finished fuel products upwards.
The prices at the world markets have gone up from the last time the regulation had a meeting.

Comments

Post a Comment

Popular posts from this blog

UNZA Unions set to hold strike ballot after failed conciliation talks

Image
Pumulo ... The University of Zambia Professional Staff Union (UNZAPROSU), UNZALARU, and UNZAWU are proceeding with a strike ballot after months of unproductive negotiations, citing unresolved issues related to compensation, working conditions, and a severe funding shortfall affecting the university's operations. By Francis Maingaila ♥️ Lusaka, Zambia24 - (6-11-2024) -  The three major unions at the University of Zambia (UNZA) have announced that they will conduct a strike ballot next week after prolonged efforts to negotiate an agreement through a formal conciliation process failed to yield results. Likezo Pumulo, President of the University of Zambia Professional Staff Union (UNZAPROSU), addressed the media on behalf of UNZAPROSU, the University of Zambia Lecturers' and Researchers' Union (UNZALARU), and the University of Zambia and Allied Workers Union (UNZAWU). Pumulo explained that the decision to hold a strike ballot follows several months of intense discussions involv...
Read more

FOCURRAZ Calls for Action Against Exploitative Practices

Image
By Francis Maingaila  Lusaka, Zambia – December 2, 2024 – The Former and Current Rwandese Refugees Association in Zambia (Focurraz) has expressed deep concern over recent media reports alleging that individuals are involved in unethical and illegal price hikes of essential goods produced and distributed by the Zambian National Service (ZNS).  The association has condemned these practices, calling for immediate action and vigilance from both the public and law enforcement. Cédric Habimana, the Chairperson of Focurraz, strongly criticized those exploiting the economic hardships faced by the Zambian population, still recovering from the severe drought during the 2023–2024 season. “It is disheartening to see some individuals taking advantage of the struggles of the Zambian people by inflating prices for their own financial gain,” Habimana said.  He emphasized that such actions undermine public welfare and contribute to increasing economic disparity. While the report did not confirm whether...
Read more

Texila Students Raise Cancer Awareness

Image
Lusaka, Zambia24 – (6-11-2024) - Medical students from Texila American University Zambia (TAUZ) held a Breast Cancer Awareness Campaign in Lusaka’s Lilayi and Chalala areas, promoting early detection through screenings and self-examinations. The campaign featured a march along Lilayi Road, with students displaying placards about breast cancer prevention. They engaged residents on the importance of recognizing symptoms and seeking prompt medical advice. “It’s inspiring to see our students take on this initiative,” said TAUZ lecturer Ms. Niza Rean, who joined the students. “Their dedication to educating the community shows their commitment to impactful healthcare.” Residents appreciated the students' efforts, with one attendee saying they felt more informed about early detection. The campaign supports wider efforts to combat breast cancer in Zambia, where limited awareness often leads to late diagnoses.
Read more