Oil price

Zambia fuel price increased due to the increasing international oil price  to sustain and stabilize its currency The increase in Zambia’s fuel price is as a result of the rising international oil prices and the deprieciation of its currency, kwacha. The Energy Regulation Board (ERB) detailed that the pump price will increase to 13.75 kwacha per litre from 12.97 kwacha. Diesel price at 12.01 kwacha per litre rather than 11.09 kwacha. In addition, another reason…