Fuel prices increase in Chongwe due to Kwacha rebasing

The price of fuel has been increased in Chongwe district of Lusaka Province following the rebasing of the Kwacha.

Petrol has gone up by 0.06% and diesel by 0.05%.

A check by ZANIS at   Kobil and Mount Meru service stations found that petrol was selling at KR8.16 (K8,160) from K8,155 per litre.

And diesel was selling at KR7.57 (K7570) from K 7566 per litre.

The increase has come about as a result of rounding off the rebased pump price to two decimal places instead of rebasing it to three decimal places in order to match with the old price.

Motorists interviewed said the increment should be reversed because it would incite other sellers of goods and services to increase prices.

Fuel attendants at Mount Meru said they have been given the new rebased pump price by the Energy Regulation Board (ERB) while those at Kobil refused to comment on the development.

And the two service stations are not displaying the fuel pump price in both the rebased and the old currency as per government directive.

Efforts to get a comment from the ERB in Lusaka failed by press time.

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