The Malawi Energy Regulatory Authority (MERA) has adjusted upwards the pump prices for petrol, diesel and paraffin.
According to a statement released by MERA, effective today, Petrol will now be selling at K2530 per litre from K1746 representing a 44.9% increase, diesel will be selling at K2734 from K1920 representing a 42.40% increase and Paraffin has moved up to K1910 per litre from K1261 per litre and this is a 51.47% increase.
Meanwhile, MERA has also reviewed upwards the price of electricity with an average of K173.70 per kilowatt from K123.26 per kilowatt.
The statement further says the increases are due to the recent trends in the international petroleum market and changes in local economic fundamentals.
Reported by Geoffrey Chinawa.
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