Energy regulation body, ERB, maintains April petrol at K31.12, diesel K28.78 per litre

The Energy Regulations Board (ERB) has maintained the fuel pump prices for the month of April.

Petrol was maintained at K31.12 per litre while diesel would still fetch at K28.78 per litre.

Kerosene remained at K20.44 while Jet-A would be static at K28.23 until another price review as authorities continued on a path of monthly reviews.

President Hakainde Hichilema had hinted on reverting to quarterly revision.

Read more : Fuel price drops; petrol, diesel to sell at K31.12, K28.78 respectively

ERB Board Chairperson, Reynolds Bowa, attributed the decision not to temper with fuel prices due to little change in both the international oil market pricing and the local exchange rate.

Bowa in statement on Sunday said that the two factors remained fairly stable since the last review on February 29,2024.

In addition, he said the reintroduction of transport equalization mechanisms that would be reintroduced in April would provide price support for transportation of petrol, diesel and Jet-A 1.

The transport equalization mechanism utilizes funds from the Petroleum Strategic Reserve Fund.

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