The Energy Regulation Board (ERB) has announced that pump prices for petroleum products will remain unchanged for the month of August 2025. In a statement released on Thursday, ERB Board Chairperson James Banda confirmed that the prices of petrol, diesel, kerosene, and Jet A-1 will be maintained despite fluctuations in international oil prices.
Petrol will continue to retail at K28.00 per litre, diesel at K23.13, kerosene at K21.98, and Jet A-1 at K23.94 per litre.
According to Mr. Banda, the decision to hold prices steady was influenced by the recent appreciation of the Zambian Kwacha, which strengthened by 4.04% against the US Dollar — moving from K24.27 to K23.29 in July 2025.
“Since the last fuel price review on 30th June 2025, the international price of petrol reduced by 1.49%, from US$75.71 per barrel to US$74.58 per barrel,” Banda stated. “Diesel, however, saw a price increase of 6.55%, rising from US$81.37 to US$86.70 per barrel, while kerosene and Jet A-1 prices increased by 4.57%, from US$79.63 to US$83.27 per barrel.”
Despite the upward pressure from global price changes in diesel and aviation fuels, the appreciation of the local currency helped cushion potential price hikes at the pump. The ERB’s pricing mechanism continues to account for both international oil price movements and foreign exchange fluctuations to determine monthly adjustments.
The decision to maintain fuel prices comes as a relief to motorists, transporters, and businesses alike, offering short-term stability amid a global energy market that remains volatile. It also reflects the ERB’s commitment to balancing economic realities with consumer affordability.
The ERB will continue to monitor market dynamics and provide updates in accordance with prevailing economic indicators and global oil trends.