Local fuel prices have continued to increase by K40 to K45 per liter compared to October 9 prices as global oil prices reach around US$56 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. 

On October 28 in local market, maximum prices available at local filling stations were K965 for one liter of diesel (K4,387 per gallon), K975 for one liter of premium diesel (K4,432 per gallon), K865 for one liter of 92 Ron octane (K3,932 per gallon) and K955 for one liter of 95 Ron octane (K4,341 per gallon). The prices increased by K40 to K45 per liter compared to those on October 9. 

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 28.