ENERGY Regulation Board Chairperson Reynolds Bowa says the board was able to reduce fuel prices despite the depreciation of the Kwacha because international oil prices dropped by a higher margin. In an interview, Monday, Bowa said there was a three percent positive difference between the International oil prices and the depreciation of the Kwacha. “It (reduction) depends on the related rate of depreciation. So, the international oil prices move up and down. Now, in the last month, the international prices moved downwards, and then our Kwacha depreciated. So, what it means is that, if the movements in international price are larger than the depreciation, then we would still benefit from the reduced international price. If the depreciation is greater than...