Malawi fuel prices down again by 10%
Malawi Energy Regulatory Authority (Mera) has reduced local pump price of fuel by an average of 10.2 percent.
Acting Mera chief executive officer Elias Hausi said the reduction, the second within a month – is effective Thursday February 5, 2015.
A statement released by Mera said the reduction of fuel prices follows a fall in global oil prices and the appreciation of the kwacha against major foreign currencies.
“This follows an assessment on the impact of the movement in the international oil prices, exchange rate of the Kwacha to the US Dollar and other macroeconomic fundamentals.”
Petrol has been reduced to MK696.30 per litre from MK760.40 representing an 8.43% reduction.
The price of diesel has been reduced by 10.2% from MK785.40 to a new price of MK705.50 while paraffin, mostly used by the rural and semi-rural inhabitants, has dropped from K678.80 to K609.30 per litre.
Ntional Oil Company of Malawi (Nocma) chief executive officer Robert Mdeza predicted last Decemebr that local fuel prices were expected to go down early this year, arguing that Malawi lags behind by one month to respond to global price movements.
It is expected that the cost of living will decrease as motorists will be enjoying the extra cash as they’re charged less at the pumps.
And so consumer spending will go up. If people are feeling better off, they will spend more. Retailers can hope to feel the benefit as consumers shift their money from fuel costs to spending sprees.
It is expected that the cost of living will decrease as motorists will be enjoying the extra cash as they’re charged less at the pumps.
And so consumer spending will go up. If people are feeling better off, they will spend more. Retailers can hope to feel the benefit as consumers shift their money from fuel costs to spending sprees.
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amalawi bvuto ndi school chabwino timachitenga ngati choipa
This is NOT new it started with Mrs. J. Banda. What people could love to see is that officers are paid in time and NOT flat out on opening of roads that were built by Mrs. J. Banda where within the process a lot of resources are being misused. Remember the roads I am talking about are the ones his bother failed to build because there was NO fuel in the entire country. We can be proud if Peter can reduce the Passport payments to at least to K20000.00. The increase in passport fees means denying people from leaving this… Read more »
Its much cheaper in neibouring Zambia going @ about Mk450/l
IWE PITALA – ZERO DEFESETI BAJETI KOMANSO KUTHA KUSISA MTENGO WA MAFUTA. PITALA NDI AMUNA. PITALA WOYE, SAULOSI WOYEEEEEEEEEE.
Only for motorists,but your papa and mama will be suffering, i think reducing tax we pay could have been good for everyone,next time reduce the tax 0.1% as VAT will do good
Black markets sould also do the same.
Boma ilo
ACB can you please investigate MOAM. Since its inception the organization has been run by iron fist of Chisesele and Kamange. Does it mean MOAM does not have other members apart from these greedy members? MOAM members please wake up, these guys are reaping you by using those stewards at bus depots while the mini bus depots are in poor state. NO LIFE POSTS PLEASE GIVE OTHERS A CHANCE TO RUN THE AFFAIRS OF MOAM? I rest my case.
mahule atsitse mitengo please.
we expect a decrease in commodity price. but some unscrupulous big headed traders wanna stick to old prices……..pity