Zambia energy regulator hikes fuel price for retail consumers

Zambia announced an increase in the retail price of fuel on Tuesday, citing rising international oil prices and depreciation of the kwacha. The pump price of petrol would be increased to 12.97 kwacha per litre from 11.67 kwacha, while that of diesel would rise to 11.09 kwacha per litre from 9.87 kwacha, the energy regulator said.