Difference between revisions of "Fuel Prices Zambia"
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Revision as of 17:33, 2 December 2012
Part of: GIZ International Fuel Price database
Also see: Zambia Energy Situation
Fuel Pricing Policies
| Local Currency: | ZMK |
| Exchange Rate: | 4612
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| Last Update: |
The Zambian „Energy Regulation Board“ (ERB) regulates fuel prices, basing on the prices of crude oil on the world market. Petrol prices are being changed monthly if the crude oil price is volatile, or remain the same for a much longer time if the crude oil price is more stable. Until September 18th 2010, fuel prices included actual transportation costs and therefore differed among the cities and regions of Zambia. This implicated higher fuel prices for rural areas. Effective September 18th 2010, the „Uniform Petroleum Pricing Mechanism“ (UPP) was installed in order to reduce prices in rural areas. All regions now have uniform petrol prices, including average transportation costs.
Due to several press statements, petrol is subsidized in Zambia. However, no information on how high this subsidy actually is could be found on the ERBs internet website. The Commercial Mark-Up is also unknown.
The ERBs website offers a lot of information including fuel price statistics, taxes and some information about price composition. Changes in fuel prices are announced and justified to the public in a qualitative manner through press statements.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/04/01.
Source: http://www.erb.org.zm/viewpage.php?page=ndtls&nid=71,taxes: http://www.erb.org.zm/content.php?viewpage=tfpg
Pump Price applies for the city of Chipata which has a medium gas price niveau.
According to several press statements, subsidies exist, but the actual value was not stated. Value of Commercial Mark-Up is therefore also unknown.
At a Glance
| Regulation-Price-Matrix |
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Actual Values of subsidies, tranportation costs and commercial mark-up could not be found.
Statistics are a bit out-dated.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Price Composition | http://www.erb.org.zm/content.php?viewpage=stmt (Mainly missing, some information) |
| Pricing Mechanism | http://www.erb.org.zm/content.php?viewpage=pubs |
| Pump prices and margins | http://www.erb.org.zm/content.php?viewpage=avpp |
| Wholesale Prices | http://www.erb.org.zm/content.php?viewpage=avpp |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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