THE Energy Regulation Board (ERB) has reduced the fuel pump prices for Petrol, Diesel, Kerosene and Jet A-I for the month of October 2024. In a statement, Monday, ERB Board Chairperson James Banda said prices of petroleum products on the international market declined during the period under review. “In September 2024, petroleum product prices declined on the international oil market, while the Kwacha marginally depreciated against the United States Dollar (USD). The reduction of international oil prices was mainly on account of declining global oil demand driven by slowdown in economic activities in major oil importing economies. Further, the decline in prices was driven by a decision by the Organisation for the Petroleum Exporting Countries (OPEC) to go ahead with...