Zambian FX & Diesel Price

[mfuwefarmer]

Updated FX & Diesel pricing: 11 Aug 2011

ZAR - ZMK = 673
US$ - ZMK = 4830
Euro - ZMK = 6958
AUD - ZMK = 5032
GBP - ZMK = 7894

Diesel: Ndola/Lusaka/ ZMK 7960 or R11.83/l
Unleaded: Ndola/Lusaka ZMK 8650 or R12.85/l
Note: fuel is payable only in Kwacha.

[mfuwefarmer]

Updated FX & Diesel pricing: 19 Sept 2011

ZAR - ZMK = 618
US$ - ZMK = 4680
Euro - ZMK = 6390
AUD - ZMK = 4780
GBP - ZMK = 7344

Diesel: Ndola/Lusaka/ ZMK 7960 or R12.88/l
Unleaded: Ndola/Lusaka ZMK 8650 or R14.00/l
Note: fuel is payable only in Kwacha.

[MikeAG]

Surely the pound can't go any lower against the kwacha?! This is making an expensive country even more expensive........

I wonder if the Zam government is aware of the impact that these exchange rates will have on tourism from Europe, and will maybe factor that into the equation when they consider the next hike in park fees etc?

No, thought not.........

Mike

[mfuwefarmer]

Surely the pound can't go any lower against the kwacha?! This is making an expensive country even more expensive........

I wonder if the Zam government is aware of the impact that these exchange rates will have on tourism from Europe, and will maybe factor that into the equation when they consider the next hike in park fees etc?

No, thought not.........

Mike

Mike the current strength is a direct function of the weakness in European markets, poor financial governance in the West and the strength in the copper price mainly caused by the Chinese markets and dont forget India. Also remember the the West wrote of all the debt of Zambia way back in 2005 I think, thus Zambia is not bankrupt as most European countries nor do they suffer from the same amount of greed vissible in the West especailly in the US markets

The strength of the Kwacha is thus not a reflection of the true situation in Zambia but rather the rotten economies of Europe, America and don't forget South Africa.

In SA I think we need to see another R3- R4 drop in the fx before its is where is should be, reflecting the true SA situation of poor competitiveness, corruption and excessive debt.

[mfuwefarmer]

Updated FX & Diesel pricing: 2 Dec 2011

ZAR - ZMK = 606
US$ - ZMK = 4980
Euro - ZMK = 6698
AUD - ZMK = 5100
GBP - ZMK = 7813

Diesel: ZMK 7566 or R12.49/l
Diesel: Low Sulphur ZMK 8132 or R13.42 ( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R13.46/l

Note: fuel is payable only in Kwacha.

[MikeAG]

Interesting Bertie. I know that there is a lot of government interference in the fuel market in Zambia, so is that price drop a result of decisions by the new government?

Mike

[mfuwefarmer]

Interesting Bertie. I know that there is a lot of government interference in the fuel market in Zambia, so is that price drop a result of decisions by the new government?

Mike

Yes...............oil and oil contracts are not dissimilar from diamonds

[Henry C]

Hi there,

Any idea what the current diesel price is +- in Lusaka?

Regards
Henry

Sorry only see now that there was a post in Dec 2011 which is accurate enough for me.

[mfuwefarmer]

Updated FX & Diesel pricing: 30 January 2012

ZAR - ZMK = 636
US$ - ZMK = 5000
Euro - ZMK = 6580
AUD - ZMK = 5280
GBP - ZMK = 7845

Diesel: ZMK 7566 or R11.90/l
Diesel: Low Sulphur ZMK 8132 or R12.79( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R12.82/l

Note: fuel is payable only in Kwacha.

[mfuwefarmer]

Updated FX & Diesel pricing: 7/3/2012

ZAR - ZMK = 674
US$ - ZMK = 5135
Euro - ZMK = 6753
AUD - ZMK = 5423
GBP - ZMK = 8080

Diesel: ZMK 7566 or R11.22/l
Diesel: Low Sulphur ZMK 8132 or R12.06( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R12.10/l

Note: fuel is payable only in Kwacha.

No supply issues

[mfuwefarmer]

Seems Zambia is heading for a period of fuel shortages again.
There is no crude in the country and also non on the way so the refinery has been shut.....what can I say

Will be filling up all my jerry cans as well as vehicles, this is going to cost a fortune, Lux 240lt, LC76 160 lt, LC80 160lt + 8x jerry cans.
We need to keep the genset at home fueled as well

[mfuwefarmer]

Some crude is apparently now on the way and indications are that Ndeni refinery will start production early next week. Hopefully the situation can be normalised within the next 2 weeks

[mfuwefarmer]

Updated FX & Diesel pricing: 4/6/2012

ZAR - ZMK = 605
US$ - ZMK = 5205
Euro - ZMK = 6457
AUD - ZMK = 5204
GBP - ZMK = 7998

Diesel: ZMK 7566 or R12.51/l
Diesel: Low Sulphur ZMK 8132 or R13.44( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R13.48/l

Note: fuel is payable only in Kwacha.

Fuel supply is backto normal

[mfuwefarmer]

There is a severe shortage of petrol with nothing available in Lusaka at the moment

Diesel supply seems to be ok for now

[mfuwefarmer]

Seems that the supply of both petrol and diesel have normalised.
Now what does this mean in the Zambian context?

Cities and large towns would have fuel, but remote areas are not guaranteed to have. The golden rule.....fill-up when ever you can!

[mfuwefarmer]

ZAR - ZMK = 554
US$ - ZMK = 4560
Euro - ZMK = 5603
AUD - ZMK = 4645
GBP - ZMK = 7070

Diesel: ZMK 7566 or R13.65/l
Diesel: Low Sulphur ZMK 8132 or R14.67( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R14.72/l

Note: fuel is payable only in Kwacha.

Fuel supply is back to normal

[mfuwefarmer]

Attached is an updated fx table.
Fuel pricing is stable but I am expecting an increase.

Diesel supply is challenging with less than 1 week's diesel supply in storage and Indeni refinery about to be shutdown for 45 days.

Petrol supply is ok for now

[mfuwefarmer]

The shutdown of Ndeni refinery has been delayed for one week siting shotage of imported fuel. Not sure how they will be able to build stocks if they failed to do so during the last 6 months.

Fuel pricing remains the same

[eric60260]

Hi Bertie,

I am quite astonished about the diesel prices, last July / August it was ZKW 7,500 / 7,600, even in big towns.

JUST EDITED: I HAD ONLY SEEN A VERY OLD POST ON THE FIRST PAGE: TIME FOR A COLD MORNING SHOWER

Sorry about that

Cheers..

[mfuwefarmer]

ZAR - ZMK = 580
US$ - ZMK = 5015
Euro - ZMK =6512
AUD - ZMK = 5100
GBP - ZMK = 8077

Diesel: ZMK 7566 or R13.04/l
Diesel: Low Sulphur ZMK 8132 or R14.02( Not sure if it is 50ppm)
Unleaded: ZMK 8155 or R14.06/l

Note: fuel is payable only in Kwacha.

Indeni has been shut. We are expecting wide spread fuel shortages for the next few weeks. Imports via SA and DAR are delayed due to strikes and customs disputes