Lusaka, 05 April, 2022 / 3:30 pm (ACI Africa).
Officials of the Jesuit Centre for Theological Reflection (JCTR) have said the continuous rise in fuel pump prices in Zambia is going to “hit hard” on majority of citizens of the Southern African nation.
The chairperson of the Energy Regulation Board (ERB) in Zambia announced the rise in fuel prices starting April 1. The upward revision of fuel prices is the second in the year after the ERB announced new prices at the end of February.
“The fuel pump price adjustment by almost K10 between December 2021 and April 2022 and the resultant adjustment in the commodity prices is inevitably going to hit hard on the majority of the Zambian people whose incomes are already very low,” the Jesuit scholars say in a Sunday, April 3 statement.
They acknowledge the fact that a rise in fuel prices has a spiral effect on the commodity prices in Zambia, which in turn affects the cost of living. They say, “The rising cost of living is just setting on course, and it looks likely that it is going to push more households into absolute poverty.”
On April 1, ERB adjusted upwards the pump prices of petroleum products by K4.45 (USD 0.25) per litre for Petrol, K4.68 (USD 0.27) per litre for Diesel, and K3.93(USD0.22) per litre for Kerosene.