Monday, June 16, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

    Summer Kids Marathon Targets 1,500 Participants

    Absa promises “bigger and better” Kids Marathon

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Region 5 Empowers Optometrists for Inclusive Sport

    Region 5 Empowers Optometrists for Inclusive Sport

    Summer Kids Marathon Targets 1,500 Participants

    Absa promises “bigger and better” Kids Marathon

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home Companies & Markets

Zambia increases fuel prices citing deterioration in oil prices

Zambia’s energy regulator decided to increase fuel pump prices effective 1 March 2022 by an average of 10.4 percent.

mm by Staff Writer
March 1, 2022
in Companies & Markets, News
0
Zambia increases fuel prices citing deterioration in oil prices

Zambia inflation versus oil prices, Source: RMB Markets, Bloomberg

0
SHARES
114
VIEWS
Share on FacebookShare on Twitter

According to RMB, the revision will see the petrol price increase from 19.84 to 21.96 kwacha per litre while diesel prices will increase from 18.93 to 21.54 kwacha per litre. In arriving at its decision, RMB notes that the regulator cited the deterioration in both international oil price as well as currency between January and February.

Prices of international crude increased from an average of US$86.51/bbl in January to US$96.61/bbl in February while USD/ZMW weakened from an average of 17.24 in January to 18.07 in February, the investment bank shows. The revision is the third since December 2021 when the regulator instituted monthly fuel pump price reviews, in line with the broader strategy to move to cost-reflective fuel pricing.

International oil prices have increased by 55 percent from an average of US$62/bbl in February 2021 to an average of US$96.61/bbl in February 2022, while the kwacha has appreciated by 16 percent over the same period from an average of 21.56 in February 2021 to 18.07 in February 2022, according to RMB.

The bank says the latest revision to adjust pump prices upwards by 25 percent y/y suggests that further hikes may be on the cards, especially if oil prices remain elevated. “With geopolitical tensions intensifying between Russia and Ukraine, and with the kwacha expected to trade on the back foot against the greenback, we expect a further upward adjustment at the next pump prices review, which will be at the end of March 2022,” RMB notes

Tags: geopolitical tensionskwachaRMBRussia and Ukraine

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • EMPIRICA Actuaries NHI Note 1
  • June 13th Edition
  • Orebonye’s Defiant Rise Through North Africa’s Football Battleground
  • Mining Sector Crisis Deepens … As hundreds face job losses
  • June 6th Edition

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

© 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

© 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?