THE Energy Regulation Board (ERB) has revised the pump prices of petrol, diesel, kerosene and jet A-1 upwards to K27.15, K29.78, K32.26 and K34.74, respectively. Meanwhile, Cabinet has approved the temporary suspension of Excise Duty and Zero Rating of Value Added Tax (VAT) on petrol and diesel for three months in a bid to cushion consumers from the adverse impact of increased international oil prices. In a statement, Tuesday, ERB Board Chairperson James Banda attributed the increase in local pump prices to international prices which recorded significant increases driven by heightened geopolitical crisis in the Middle East. “The Energy Regulation Board (ERB) has undertaken a review of petroleum product prices for the month of April 2026 and hereby announces the...
