The Energy Regulation Board’s recent decision to raise fuel prices, pushing diesel from K26.89 to K33 per litre and petrol from K25.29 to K31.46 per litre, has heightened concerns about rising operating costs for businesses across Zambia. While this over K6 per litre increase in both diesel and petrol prices is expected to strain budgets, some financial sector experts believe that the Bank of Zambia’s recent reduction in the monetary policy rate could serve as a counterbalance, providing some relief to businesses faced with escalating fuel expenses. Economic analyst Kelvin Chisanga told the Zambian Business Times (ZBT) that the situation...
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