Local fuel prices have increased again by K25 to K35 per liter in 10 days as global oil price reaches around US$58 per barrel, according to local filling stations.

Global oil price jumped to US$76 per barrel on October 3, 2018. Then the price was down to around US$42 on December 24. This year, the price increased again to US$54 on January 21, US$52 on January 29, US$60 on March 20, US$64 on April 16, and US$66 on April 23. The prices decreased to US$51 on June 12 and increased to US$60 on July 10. Then, the price decreased to US$53 on September 3 and increased to around US$60 on September 16. The price on October 28 was US$56 per barrel. Then the price reached US$55 on November 19 and US$58 on November 29.

On November 29 in local market, maximum prices available at local filling stations were K970 for one liter of diesel (K4,410 per gallon), K980 for one liter of premium diesel (K4,455 per gallon), K900 for one liter of 92 Ron octane (K4,091 per gallon) and K990 for one liter of 95 Ron octane (K4,500 per gallon). The prices increased by K25 to K35 per liter compared to those on November 21.

Local fuel prices increased by K160 to K255 per litre in nearly six months from January to May this year account for 18 percent to 36 percent. Then the prices were down 11 percent to 14 percent from May 30 to June 21. From June 21 to July 19, the prices increased again by 11 percent to 14 percent. The prices decreased by 3 percent to 5 percent from July 19 to August 10. From August 15 to September 25, local fuel prices increased again by 7 to 9 percent. From September 25 to October 4, they fell again by over 4 percent. Again, fuel prices increased by over 4 percent from October 9 to 25 and decreased by about 1 percent from October 26 to November 5. They then increased by 1% to 4% from November 6 to 19.