THE pump price for petroleum products has been reduced, with the price of petrol going at K24.45 per litre, from K27.59 per litre.
The adjustment downwards of petrol and other petroleum products is with effect from midnight.
Energy Regulation Board Chairperson Reynolds Bowa during a press briefing today in Lusaka said that the pump price reduction is as a result of a decline of prices on the international market.
“ERB has adjusted downward the pump price of Petrol by K3.4 ngwee per litre , Low Sulfur Diesel by K2.77 ngwee per litre and Kerosene by 73 ngwee. ERB have further adjusted downwards Jet A1 for Kenneth Kaunda Airport and other local airports,” he said.
He said this was due to a decline in the international prices over the past month.
“Based on the forgoing, petrol was going at K27.59 and is now K24.45, low Sulfur Diesel K24.64 and will now be K21.87, Kerosene K20.47 will now be K19.74 and Jet A1 at Kenneth Kaunda price was K22.60 will now be 21.64,” Mr Bowa announced.
Mr Bowa added that the June prices take effect from midnight.
