THE Energy Regulation Board (ERB) has announced a reduction in pump prices for diesel to K28.11 from K32.11, while petrol has been reduced to K26.15 from K27.15. In a statement, Tuesday, ERB Board Chairperson James Banda said pump prices for kerosene and jet A-I had been reduced to K28.32 and K30.27, respectively. “The Energy Regulation Board (ERB) has reviewed petroleum product prices and announces the revised pump prices for July 2026. During the review period, international oil prices generally reduced, although markets remained affected by geopolitical tensions in the Middle East. The average price of Petrol reduced from US$124.24/bbl to US$105.82/bbl, while Diesel reduced from US$155.64/bbl to US$125.65/bbl. Kerosene/Jet A-1 also reduced from US$196.56/bbl to US$158.97/bbl,” stated Banda. “During the...