Economist Kelvin Chisanga notes the recent fuel price reduction will ease costs across Zambia’s economy.
Chisanga stated that the Energy Regulation Board’s adjustment reflects stronger performance of the Kwacha.
He explained that lower fuel prices will improve margins for businesses in transport, mining, and agriculture.
The Economist observed that households will benefit through reduced transport expenses and cheaper essential goods.
Chisanga remarked that the 5% average cut supports inflation moderation and enhances disposable income.
He noted that the monthly uniform pricing mechanism ensures stability and predictability in the energy sector.
The Economist emphasised that reduced operating costs can strengthen investment confidence in Zambia.
Chisanga pointed out that the adjustment contributes to broader economic stability and growth prospects.
He mentioned that the decline in petrol, diesel, and kerosene prices will have ripple effects across industries.
The Economist stressed that this policy move is a positive step towards sustaining Zambia’s economic resilience, though new developments in the Middle East might reverse the gains.
