OIL Marketing Companies Association of Zambia (OMCAZ) president Dr Kafula Mubanga says ERB’s decision to maintain fuel prices for the month of August will allow petroleum companies recover losses they incurred in the previous months. On Thursday, the Energy Regulation Board (ERB) announced that they have maintained the pump prices for petrol, diesel, kerosene and jet A-1, attributing the maintained prices to the Kwacha that had appreciated by 4.04 percent against the US Dollar, from K24.27 to K23.29. Reacting to this development, Friday, Dr Mubanga said the maintained prices will help OMCs to be able to measure up the losses that might have been incurred in the previous month. “Yes, so number one is the bracket around which our projection...
