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Off The Wire Gas Coin To Inr

Off The Wire Gas Coin To Inr

Gas Coin To Inr
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LUSAKA, Feb 12 (Reuters) - Zambian fuel prices will increase from midnight on Monday due to rising international oil prices and the depreciation of the kwacha, the energy regulator said.

The pump price of petrol would be increased to 13.75 kwacha ($1.41) per litre from 12.97 kwacha, while that of diesel would rise to 12.01 kwacha per litre from 11.09 kwacha, the energy regulator said.

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" the Energy Regulation Board (ERB) said Gas Coin To Inr , 2018 at midnight," the Energy Regulation Board (ERB) said, adding that the hike would ensure security of supply.

The kwacha is down nearly three percent year-to-date against the dollar, mainly dragged down by a recent slump in global copper prices, the southern African nation's chief export. ($1 = 9.7200 Zambian kwacha)

(Reporting by Mfuneko Toyana, Editing by William Maclean)

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The views expressed in this article are those of the author and may not reflect those of

The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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