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Zambia hikes fuel prices by 15 percent: energy regulator

Fuel pumps are seen at a Sonol gas station in the Judean desert close to the West Bank city of Jericho January 11, 2015. Picture taken January 11, 2015.   REUTERS/Baz Ratner
Fuel pumps are seen at a Sonol gas station in the Judean desert close to the West Bank city of Jericho January 11, 2015. Picture taken January 11, 2015. REUTERS/Baz Ratner
LUSAKA (Reuters) - Zambia on Wednesday increased the pump prices of petrol and diesel by 15 percent, its energy regulator said.
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"This adjustment is mainly due to the volatility of the kwacha, which resulted in significant depreciation of the kwacha against the United States dollar," the regulator said, referring to the local currency

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