{"id":59153,"date":"2024-03-02T22:17:33","date_gmt":"2024-03-02T22:17:33","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024"},"modified":"2024-03-02T22:44:16","modified_gmt":"2024-03-02T22:44:16","slug":"energy-regulation-board-lowers-fuel-prices-effective-march-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024","title":{"rendered":"Energy Regulation Board Lowers Fuel Prices Effective March 2024"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>The Energy Regulation Board (ERB) has announced a reduction in the prices of petrol, diesel, and Jet A1, effective from midnight tonight for the month of March 2024.<\/p>\n<p>According to ERB Board Chairperson Reynolds Bowa, the pump price of petrol has been decreased to K31.12 ngwee from K34.19 ngwee, while diesel will now be sold at K28.78 ngwee from K32.15 ngwee. Similarly, Jet A1 will be priced at K28.23 ngwee, down from K32.69 ngwee.<\/p>\n<p>Mr. Bowa attributed the price adjustments to the significant appreciation of the Kwacha during February 2024, which outweighed the increase in international oil prices. He noted that this led to a reduction in domestic wholesale and pump prices of petroleum products.<\/p>\n<p>Mr. Bowa explained that the Kwacha\u2019s appreciation could be attributed to the Bank of Zambia\u2019s decision to hike interest rates and hold back more funds in reserve.<\/p>\n<p>While the prices of petrol, diesel, and Jet A1 have been revised downward, Mr. Bowa clarified that the price of kerosene will remain unchanged for now. However, he added that this decision will be reviewed in line with the national supply and demand dynamics.<\/p>\n<p>The adjustment in fuel prices is expected to bring relief to consumers and businesses across Zambia, reflecting the ERB\u2019s commitment to ensuring fair and competitive pricing in the energy sector.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. The Energy Regulation Board (ERB) has announced a reduction in the prices of petrol, diesel, and Jet A1, effective from midnight tonight for the month of March 2024. According to ERB Board Chairperson Reynolds Bowa, the pump price of petrol has been decreased to K31.12 ngwee from K34.19 ngwee, while diesel will [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":59152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-59153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Energy Regulation Board Lowers Fuel Prices Effective March 2024 - Zambia<\/title>\n<meta name=\"description\" content=\"The Energy Regulation Board (ERB) has announced a reduction in the prices of petrol, diesel, and Jet A1, effective from ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Regulation Board Lowers Fuel Prices Effective March 2024\" \/>\n<meta property=\"og:description\" content=\"The Energy Regulation Board (ERB) has announced a reduction in the prices of petrol, diesel, and Jet A1, effective from ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-02T22:17:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-02T22:44:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1709406637.687066.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Energy Regulation Board Lowers Fuel Prices Effective March 2024\",\"datePublished\":\"2024-03-02T22:17:33+00:00\",\"dateModified\":\"2024-03-02T22:44:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1709406637.687066.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/energy-regulation-board-lowers-fuel-prices-effective-march-2024\",\"name\":\"Energy Regulation Board Lowers Fuel Prices Effective March 2024 - 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