Stronger Kwacha Cuts Fuel Prices

Published: 03 Feb, 2026 10:55 Sources: S1 S2 Linked URLs: A1 Category: Business Language: English Country: Zambia

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Zambia reduced fuel pump prices for the month of February after the kwacha appreciated more than 10% in January and global oil prices eased. Economist Kelvin Chisanga said the stronger currency lowered import costs under the market-based pricing system, without subsidies. Petrol, diesel, kerosene, and Jet A-1 prices all fell from February 1, easing transport costs and supporting disinflation, while sustaining fiscal discipline.