Zambia: Fuel price rise marks end to subsidy


Issue 333 - 31 Oct 2016

The Energy Regulation Board (ERB) has announced an average 36% increase in retail fuel prices with effect from 14 October as the government starts implementing an austerity programme that will also lead to an increase in electricity tariffs. Zambia is facing significant economic problems as a result of a fall in copper prices coupled with high government spending on infrastructure projects, emergency power imports and subsidies. The government is in talks with the International Monetary Fund about a potential financing package.

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