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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Zambia | | |Fuel Price Country=Zambia |
| | + | |Fuel Pricing Policies=Pricing policy: Government sets wholesale prices according to a cost-plus formula. Government adopted a uniform pricing mechanism in Sep 2010, to be implemented in phases, for gasoline, diesel, and kerosene sold at filling stations. Uniform pricing is meant to be self-financing and achieved through the Rural Fuel Subsidy Fund. Recently prices have been adjusted infrequently, raising concerns that they may have fallen below cost-recovery levels. Government has frequently reduced or suspended excise taxes and customs duties on petroleum products, especially when the country’s sole refinery, Indeni, is shut down, such as in Oct 2009. There is a 25% import tariff. In August 2008, after the refinery shut down twice, oil companies began importing petroleum products directly. In Jan 2009, the import duty was increased from 5% to 25% to protect the refinery and Tazama Pipelines, which was left with a large inventory surplus. |
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| | + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) |
| | |Fuel Currency=ZMK | | |Fuel Currency=ZMK |
| | |Fuel Price Exchange Rate=4612 | | |Fuel Price Exchange Rate=4612 |
| | |Fuel Price Exchange Rate Date=2010/11/17 | | |Fuel Price Exchange Rate Date=2010/11/17 |
| − | |Fuel Price Last Updated=
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| | |Fuel Price Composition=GIZ_IFP2012_Zambia1.png | | |Fuel Price Composition=GIZ_IFP2012_Zambia1.png |
| | |Fuel Price Composition Fuel Type=Gasoline 95 Octane | | |Fuel Price Composition Fuel Type=Gasoline 95 Octane |
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| | According to several press statements, subsidies exist, but the actual value was not stated. Value of Commercial Mark-Up is therefore also unknown. | | According to several press statements, subsidies exist, but the actual value was not stated. Value of Commercial Mark-Up is therefore also unknown. |
| | |Fuel Price Composition 2=GIZ_IFP2012_Zambia2.png | | |Fuel Price Composition 2=GIZ_IFP2012_Zambia2.png |
| − | |Fuel Pricing Policies=The Zambian „Energy Regulation Board“ (ERB) regulates fuel prices, basing on the prices of crude oil on the world market. Petrol prices are being changed monthly if the crude oil price is volatile, or remain the same for a much longer time if the crude oil price is more stable.
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| − | Until September 18th 2010, fuel prices included actual transportation costs and therefore differed among the cities and regions of Zambia. This implicated higher fuel prices for rural areas.
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| − | Effective September 18th 2010, the „Uniform Petroleum Pricing Mechanism“ (UPP) was installed in order to reduce prices in rural areas. All regions now have uniform petrol prices, including average transportation costs.
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| − | Due to several press statements, petrol is subsidized in Zambia. However, no information on how high this subsidy actually is could be found on the ERBs internet website. The Commercial Mark-Up is also unknown.
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| − | The ERBs website offers a lot of information including fuel price statistics, taxes and some information about price composition. Changes in fuel prices are announced and justified to the public in a qualitative manner through press statements.
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| − | |Fuel Matrix Price Level=4
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| | |Fuel Matrix Pricing Mechanism=2 | | |Fuel Matrix Pricing Mechanism=2 |
| | + | |Fuel Matrix Price Level=4 |
| | |Fuel Matrix Annotation=Actual Values of subsidies, tranportation costs and commercial mark-up could not be found. | | |Fuel Matrix Annotation=Actual Values of subsidies, tranportation costs and commercial mark-up could not be found. |
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| | |Fuel Price Factsheet Source Annotation=Mainly missing, some information | | |Fuel Price Factsheet Source Annotation=Mainly missing, some information |
| | }} | | }} |
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| | + | [[Category:Zambia]] |
Latest revision as of 13:12, 23 September 2014
Part of: GIZ International Fuel Price database
Also see: Zambia Energy Situation
Fuel Pricing Policies
| Local Currency:
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ZMK
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| Exchange Rate:
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4612
(2010/11/17)
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| Last Update:
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Pricing policy: Government sets wholesale prices according to a cost-plus formula. Government adopted a uniform pricing mechanism in Sep 2010, to be implemented in phases, for gasoline, diesel, and kerosene sold at filling stations. Uniform pricing is meant to be self-financing and achieved through the Rural Fuel Subsidy Fund. Recently prices have been adjusted infrequently, raising concerns that they may have fallen below cost-recovery levels. Government has frequently reduced or suspended excise taxes and customs duties on petroleum products, especially when the country’s sole refinery, Indeni, is shut down, such as in Oct 2009. There is a 25% import tariff. In August 2008, after the refinery shut down twice, oil companies began importing petroleum products directly. In Jan 2009, the import duty was increased from 5% to 25% to protect the refinery and Tazama Pipelines, which was left with a large inventory surplus.
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/04/01.
Source: http://www.erb.org.zm/viewpage.php?page=ndtls&nid=71,taxes: http://www.erb.org.zm/content.php?viewpage=tfpg
Pump Price applies for the city of Chipata which has a medium gas price niveau.
According to several press statements, subsidies exist, but the actual value was not stated. Value of Commercial Mark-Up is therefore also unknown.
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Actual Values of subsidies, tranportation costs and commercial mark-up could not be found.
Statistics are a bit out-dated.
Sources to the Public
| Type of Information
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Web-Link / Source
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| Price Composition
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(Mainly missing, some information)
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| Pricing Mechanism
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| Pump prices and margins
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| Wholesale Prices
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Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
