OIL MARKETING COMPANIES PROJECT REDUCTION IN FUEL PUMP PRICES NEXT MONTH
Written by Editor22 on July 26, 2022
By Seniya Banda
Oil Marketing Companies Association of Zambia (OMCs) has projected a three percent reduction in the fuel pump prices next month owing to the drop in the oil prices on the international market.
Early this month, the Energy Regulation Board (ERB) increased fuel pump prices by an average of K2.01 for petrol and diesel.
The pump price for a litre of petrol had gone up by K1.80 or by 7.21% while a litre of diesel has gone up by K2.37 representing 9.24%.
Oil Marketing Companies Association of Zambia (OMCs) president Kafula Mubanga says the price of oil on the international has hit 93 cent per liter.