It’s time to dig deeper into pockets following the upward adjustments of pump prices for fuel by Malawi Energy Regulatory Authority (MERA).
Fuekl prices have gone up effective this Friday in line with the automatic pricing mechanism (APM), the Malawi Energy Regulatory Authority (Mera) announced last evening.
According to MERA statememt fuel prices have been revised upwards by 47.21% on retail price.
The regulator said petrol is the lowest increased prices as it’s price has gone up with 4.41 % from K711.90per litre to K743.30per litre.
Diesel is now selling at K722.80 per litre from K671. 30 per litre representing 7.67 % rise
Parrafin which is mostly used in rural areas by average and poor Malawians has risen with a 10.28% as it is now selling at K580.40 from K526.30 per litre.
In a press statement, Mera said it considered recent trends in the world petroleum products prices and other macroeconomic fundamentals, such as the exchange rate of the kwacha against the dollar.Follow and Subscribe Nyasa TV :