FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW
JUST IN: FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW
By Rick Nchito
The price of fuel is tomorrow expected to hit K37.13 per litre from the current K29.98.
Sources at the Energy Regulation Board (ERB) have disclosed to Koswe that Zambians should expect a sharp increase in fuel prices tomorrow.
The sharp increase is as the result of the depleted fuel ‘subsidy’ fund in the last 4 months which ERB has been using to keep the fuel prices constant for the last four months.
Sources at ERB have further indicted that fuel prices would now be entirely determined by international prices and the exchange rate.