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ERB boss explains fuel prices

KELVIN CHONGO, Lusaka
THE Energy Regulation Board (ERB) says it will not adjust the price of fuel downwards despite the marginal appreciation of the Kwacha against the United States dollar.
Executive director Langiwe Lungu said in the first quarter of 2016, there were no petroleum price adjustments.
Ms Lungu said the depreciation of the local currency had cancelled out the benefits that would have accrued following reductions in oil prices on the international market.http://epaper.daily-mail.co.zm

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