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You are here:CategoriesBusinessMalawi Fuel prices up

Malawi Fuel prices up

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Fuel prices have been hiked effective Thursday at midnight, Malawi Energy Regulatory Authority (MERA) has announced.

MERA chair Jere signed the statement MERA chair Jere signed the statement
04
March


Petrol got the lowest increase as its price has gone up with 4.41% from K711.90 to K743.30 per litre.


Paraffin which is mostly used by average Malawians for energy like lighting has risen with a 10.28% as it is now selling at K580.40 from K526.30 per litre.


Diesel will be selling at K722.80 from K671.30 representing 7.67 % rise.


The increase according to the regulator considered recent trends in the world petroleum products prices and other macroeconomic fundamentals, such as the exchange rate of the Kwacha against the dollar.


For over 20 months now, government has kept fuel prices unmoved in a bid to make the economy stable first and let businesses flourish again.
However, government is on record to have said it has done all it can to heavily subsidize the commodity while executing a tight price policy that has kept prices at probably their lowest in tally with the performance of the economy.

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