The government has announced a five per cent fuel price hike effective effective midnight today.
Energy Regulation Board (ERB) executive director Langiwe Lungu stated that the pump price of diesel and petrol has gone up by an average K0.80.
A liter of petrol will now fetch for K15.98 from K15.20 while diesel will be sold at K14.23 from K13.43, representing an increase of K0.78 and K0.80 respectively.
A liter of low sulphur diesel is now K16.52 from K15.72 while Kerosene has recorded the highest price hike from K11.34 to K13.02.
According to Lungu, ERB has also increased the Tazama Petroleum Products Limited (TPPL) throughput fee at the Ndola Fuel Terminal and other national fuel depots from K25 per cubic metro to K62.64 per cubic metro.