Zambia evens fuel prices to spark rural growth
Zambia will make
fuel prices uniform across the country, to cut the cost of doing
business in remote areas and boost rural development in Africa’s
largest producer of copper.
The southern
African nation’s energy regulator said on Saturday that petrol will
cost 7,639 kwacha per litre, regardless of where it is sold.
Previously, the
price of petrol and other fuel was higher in remote areas, due to the
distance from the country’s only petroleum refinery.
The changes, which
go into effect at midnight, will mean an 8.9 percent decrease in the
price of petrol in the regional capital furthest from the refinery, the
regulator said.
Zambia in May
raised the price of fuel by an average 13 percent following another
increase of 15 percent in January, which the ERB attributed to higher
global prices.
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