Zambians should expect fuel prices to go up following the depreciation of the Kwacha.
Energy Minister Mathews Nkhuwa says the public will soon be informed by the Energy Regulation Board on the changes once calculations are concluded.
He said this shortly after he launched the Cost of Service Study survey in Lusaka.
And Mr. Nkhuwa has also disclosed that the Cost of Service Study survey will recommend its own electricity tariffs, apart from the tariffs that have been proposed by ZESCO awaiting approval.
The Energy Regulation Board has engaged Energy Markets and Regulatory consultants (EMRC), a company based in the United Kingdom to undertake the cost of service study at a total cost of over 592,000 dollars.
And ERB Board Executive Director Langiwe Zulu has disclosed that the board is still analyzing ZESCO’s application to have the tariff increased.