The Energy Regulation Board (ERB) has released new fuel prices for November 2024, influenced by global oil market trends. In October, disruptions in petroleum imports caused by logistical challenges impacted supply, leading to shortages at around 8% of Zambia’s 617 filling stations as of October 31st. These supply issues stemmed from difficulties faced by Oil Marketing Companies in road transport, further complicating the fuel price in Zambia.
These fuel price changes are crucial for vehicle owners and sellers on Pazengo.com, as fuel costs significantly impact vehicle maintenance and operating expenses.
Key Highlights
- Oil Prices Decline Due to Market Conditions:
- Specifically, petrol prices have decreased by 0.18%, dropping from US$ 76.84/bbl to US$ 76.70/bbl diesel prices increasing from US$ 82.39/bbl to US$ 84.52/bbl, while kerosene/Jet A-1 prices have gone up by 1.46%, from US$ 83.08/bbl to US$ 84.29/bbl.
- Specifically, petrol prices have decreased by 0.18%, dropping from US$ 76.84/bbl to US$ 76.70/bbl diesel prices increasing from US$ 82.39/bbl to US$ 84.52/bbl, while kerosene/Jet A-1 prices have gone up by 1.46%, from US$ 83.08/bbl to US$ 84.29/bbl.
- Impact on Goods and Motorists:
- The impact of fuel price increases reaches beyond motorists, affecting the cost of goods and overall living expenses. As transportation costs rise with higher fuel prices, everyday goods become more expensive, adding financial pressure on both vehicle owners and the broader community. This situation makes fuel efficiency and expense management increasingly important. Hence, understanding the fuel price in Zambia becomes critical for economic planning.
- The impact of fuel price increases reaches beyond motorists, affecting the cost of goods and overall living expenses. As transportation costs rise with higher fuel prices, everyday goods become more expensive, adding financial pressure on both vehicle owners and the broader community. This situation makes fuel efficiency and expense management increasingly important. Hence, understanding the fuel price in Zambia becomes critical for economic planning.
- Revised Pump Prices:
- Petrol: Remains at K 32.70 per litre
- Diesel: Increased to K 30.11 per litre
- Kerosene: Remains at K 27.52 per litre
- Jet A-1: Remains at K 30.53 per litre
- Post Airfield Prices (PAP) at International Airports:
- Fuel prices at various airports like KKIA (Lusaka), Mfuwe, HMNIA (Livingstone), and SMKIA (Ndola) range from K32.76 to K33.97 per litre.
- Fuel prices at various airports like KKIA (Lusaka), Mfuwe, HMNIA (Livingstone), and SMKIA (Ndola) range from K32.76 to K33.97 per litre.
The prices come into effect at midnight on 31st October 2024 until revised by the ERB.
Looking for a fuel efficient car? Check out our listings here
For more details on fuel prices, you can read the full ERB press release here.
