Breaking! January petrol price maintained at K29.92, as Energy Regulation Board cuts diesel, kerosene, jet A-1 prices

The Energy Regulation Board (ERB) has maintained the pump price of petrol while reducing the prices of diesel, kerosene and Jet A-1 for January 2026.

This means petrol will remain at K29.92 per litre, while the price of diesel has been reduced from K26.98 to K25.11 per litre.

Kerosene has been adjusted downward from K26.51 to K23.88 per litre, while Jet A-1 has also been reduced to K25.03 per litre.

Read more: Breaking! ERB raises September fuel prices as Kwacha depreciation offsets global oil decline

ERB Board Chairperson, James Banda, said in a statement issued on Wednesday that the price adjustments were influenced by favourable macroeconomic developments recorded in December 2025.

He said the local currency appreciated by 3.13 percent against the United States dollar, moving from an average exchange rate of K23.24/US$ to a closing rate of K22.52/US$.

“Further, international oil prices generally decreased since the last fuel price review on November 30, 2025. Following this movement, the ERB has revised downwards the pump prices for diesel, kerosene and Jet A-1, while petrol will be maintained at K29.92 per litre,” Banda stated.

He said the new fuel price structure will take effect at midnight on December 31, 2025, and will remain in force until the next fuel price review by the ERB.

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