“Today, I am directing the Malawi Energy Regulatory Authority (MERA) to reduce fuel prices with immediate effect. This move is intended to reduce transport cost,’ Mutharika said on Saturday night, as he announced a raft of new measures to cushion the impact of the deadly Coronavirus which is feared to ravage economies of most countries.
At several filling stations in Blantyre, petrol is now selling at K780.00 from K930.00, a 16.13 % change and a saving of K150, , diesel at K765.00 from K887.00, a 13.75 % change and a saving of K122, and Paraffin at K625.00 from K693.60, a 9.71 % change and a saving of K68.
Other stations remained closed for undisclosed reasons.
An order to have two passengers per seat in minibuses and buses to trim passenger capacity saw fares almost doubling, with most commuters seeking walking alternatives.
Minibus operators have yet to lower fares after fuel products were reduced.
Malawi depends on road transport to truck in its imports.