THE Energy Regulation Board (ERB) has announced an upward adjustment of fuel price increases with a litre of diesel now selling at K23.36 from K21.87.
The price of a litre of petrol has also been increased from K24.93 to K25.57 while kerosene will now be K20.44 from k18.53 alitre.
ERB board chairperson Reynolds Bowa said during a monthly press briefing that the upward adjustment are effective midnight.
He also took time to explain reasons behind the upwards adjustment, among them, the inescapable increase in international oil prices.
“The main drivers for the changes in petroleum prices are the movements in international oil price and the exchange rate.
“The price of oil on the international market, between the July 2023 and the current price review for August, 2023 has increased. Specifically, the average prices of Petrol; Diesel; and Kerosene increased by 3.50%, 7.57% and 6.97% respectively,” Mr Bowa said.
“For the August 2023 price review, Petrol changed from US$83.66/bbl to US$86.59/bbl, Diesel changed from US$86.91/bbl to US$93.49/bbl and Kerosene changed from US$86.09/bbl to US$92.09/bbl”.
He said the increase in oil prices is attributed to speculation of potential global supply deficits. This is following the announcement by the Organization for the Petroleum Exporting Countries and its allies (OPEC+) that there will be oil production cuts soon.
“The announced oil supply cuts is happening when there is a steady increase in demand, following the on-going global economic recovery, post the COVID-19 pandemic. The increasing trend in global oil prices is consistent with increasing prices of major commodities in reaction to prospect of interest rate hikes in major global economies,” Mr Bowa said.
He said in the latest price review period, the exchange rate of the Kwacha to the United States Dollar depreciated from K17.73/US$ to K18.51/US$, representing 4.35%.
“The depreciation of the Kwacha continues to be mainly driven by the demand for foreign exchange outstripping the supply. Despite the positive outlook resulting from the conclusion of the debt restructuring programmer the Kwacha reaction is slow because it continues to face persistent inflationary pressures,” Mr Bowa said.
(Mwebantu, Monday, 31st July, 2023)
President Hichilema to continue living at Community House, as Concourt dismisses petition against his stay at the private house
THE Constitutional Court has dismissed for lack of a merit Patriots for Economic Progress president Sean Tembo’s petition challenging President Hakainde Hichilema’s continued stay at his private house instead of shifting to State House.
This means that the President will continue staying at his private Community House in New Ksama.
Passing judgment, Constitutional Court deputy judge president Arnold Shilimi said the court found Mr Tembo’s petition to have lacked merit because the constitution does not compel the President to move to Nkwazi House.
Further, the judge said the court found that Mr Tembo’s plea for the court to declare an order compelling the President to shift to State House is not tenable considering that no law that obliges the Head of State to reside at State House.
“We find that in the absence of any Constitutional provision or any other law that compels the President to reside at State House,and in light of the Respondent’s[Attorney General] submission on the dilapidated state of Nkwazi House requiring high cost of renovations.
“The alleged constitutional breaches relating to the President’s alleged refusal to shift to State House lacks merit and is misconceived,” Judge Shilima said on behalf of other judges who heard the case.
“We find that the alleged breach relating to the right to life is improperly before this court for want of jurisdiction over part iii of the constitution,” he added.
The court consequently dismissed the petition for lack of merit.
In this matter, Mr Tembo petitioned the Constitutional Court over President Hichilema’s refusal to relocate to State House since he was elected in August, 2021.
The politician had submitted that the President was spending huge sums of money through his trips from Community House to State House on a daily basis and putting at risk the safety of many Zambians on the route he is using to access his house.
He further argued that the huge sums of money which was being used on a daily basis, about K126 million per year, could be channeled to other areas of need such as procurement of drugs in hospitals and books for readers in schools.
However, in reply, the State, through Attorney General Mulilo Kabesha, argued that the petition lacked merit because Mr Tembo did not cite the particular article or law which mandates the president actually reside at State House.
He also argued that accommodation of the past Presidents at State House was only a matter of practice or custom and not law.
(Mwebantu, Saturday, 9th December, 2023)
Masturbation comment invites Sean Tembo to court
PATRIOTS for Economic Progress president Sean Tembo has pleaded not guilty to using insulting language when he compared the intervention to sale cheaper ZNS mealie meal in the wake of escalating prices of the commodity prices to masturbation.
The outspoken businessman has been charged with use of insulting language which he allegedly uttered on October 17 this year, the eve of National Day of Prayer, Fasting, Repentance and Reconciliation.
Allegations are that on the material day, the accused said “Bally is selling a few bags of ZNS mealie meal using Shoprite, hoping to create a perception of low price is equal to masturbation”.
The sentiments are alleged to likely provoke Abel Mashowo, who reported the case, to break the law or commit any offence against Tembo.
When the case was called today, a magistrate readout the charged and asked the accused whether he understood it.
In response, Mr Tembo responded in the affirmative and pleaded not guilty to the charge.
The court adjourned the case was adjourned to next month for commencement of trial.
(Mwebantu, Friday, 8th December, 2023)
DPP wants more punishment for CK
THE State, through the Director of Public Prosecutions, Gilbert Phiri, has filed a notice to appeal against the five months sentence imposed of Chishimba Kambwili after he was found guilty of promoting hate speech by uttering tribal remarks.
On Thursday, Mr Kambwili, a Patriotic Front member of the central committee, was sentenced to five months imprisonment with hard labour.
This was after the Kasama Magistrate’s Court found him guilty of the offence of expressing or showing hatred, ridicule, or contempt for persons because of tribe or place of origin.
After being hailed, the politician appealed against the verdict and was later released on bail pending hearing of his appeal against the sentence.
But the DPP has filed a cross appeal seeking to challenge the five months jail term imposed on the outspoken former Roan MP.
Mr Phiri feels the sentence was too lenient and that when his application is being heard, he wants to be present in court..
“I, the above named appellant(DPP) , hereby give notice that I desire to appeal to the High Court against the sentence of the accused person.
I desire to be present when the court considers the appeal,” the notice of appeal, which has been circulated online, reads in part.
(Mwebantu, Thursday, 7th December, 2023)