Social Economist kelvin Chisanga has predicated an increase in fuel pump pries owing to the volatile conditions on the global market.
Speaking to One Love Radio news Mr. Chisanga anticipated an upwards adjustment during the Energy Regulation Board ERB pump prices monthly review.
He pointed to three key factors that will lead to this situation, that being issues with the supply chain, the increasing cost of energy production globally and the depreciation of the kwacha against the US dollar on the forex index.
“There might be an increase in fuel pump pries owing to the volatile conditions on the global market,” he said.
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