Energy Regulation Board (ERB) has released new fuel prices for December 2024, influenced by global oil market trends and the depreciation of the Kwacha against the United States Dollar
The upward revision in petrol, diesel, kerosene, and Jet A-1 prices reflects changes in international oil prices and the Kwacha’s exchange rate. These developments are essential for vehicle owners and sellers on Pazengo.com, as fuel costs significantly affect vehicle maintenance and operating expenses.
Key Highlights
The price review is influenced by the following factors:
- Petrol prices decreased by 1.34%, dropping from US$76.70/bbl to US$75.67/bbl.
- Diesel prices increased by 1.98%, rising from US$84.52/bbl to US$86.19/bbl.
- Kerosene/Jet A-1 prices rose by 3.08%, climbing from US$84.29/bbl to US$86.89/bbl.
- The Kwacha depreciated by 2.90%, from K26.92/US$ to K27.70/US$.
Impact on Goods and Motorists:
The rise in fuel prices affects more than just motorists—it impacts the cost of goods and overall living expenses. Higher transportation costs increase the price of everyday goods, adding financial pressure on households and businesses alike. Understanding the fuel price in Zambia is essential for effective economic planning.
Revised Pump Prices:
- Petrol: Increased to K33.67 per litre
- Diesel: Increased to K32.43 per litre
- Kerosene: Increased to K28.67 per litre
- Jet A-1: Increased to K31.49 per litre
Post Airfield Prices (PAP) at International Airports:
The Post Airfield Prices for December 2024 are as follows:
- KKIA (Lusaka): K31.49/litre
- Mfuwe Airport: K34.73/litre
- HMNIA (Livingstone): K32.30/litre
- SMKIA (Ndola): K31.49/litre
These price adjustments take effect at midnight on 30th November 2024 and will remain in place until further revision by the ERB.
Looking for a fuel-efficient car? Check out our listings on Pazengo.com.
For more details on fuel prices, you can read the full ERB press release here.
