Chilima moves Mera to further reduce Malawi fuel prices – Observer

A call by Vice President Saulos Chilima last month to Malawi Energy Regulatory Authority (MERA) to further reduce fuel prices is bearing fruits as the fuel regulatory body has announced that pump prices of fuel have been revised downwards, a social and political observer has said.

Chilima: Moves Mera to further reduce fuel prices

During a media briefing in Lilongwe on April 8, 2020 Chilima requsted MERA to further slash downwards the price of fuel as global prices of the petroluem products had reduced signifacantly due to the Coronavirous (Covid-19) pandemic.

“I am calling on MERA to further reduce the price by passing all the decrease in landing cost to consumers at least for this period until the Covid-19 and its effect on economy and livelihoods subside. When the decrease in landing cost is fully passed to consumers, the pump price per litre will be K623 for petrol, K704 for diesel and K505 for paraffin,” Chilima had said.

Chilima had said the fuel reduction announced by MERA last month was not enough as it showed that government has passed only 50 percent of the global fuel price reduction to Malawian consumers.

He had implored government that in this Covid-19 crisis time, it was imperative for government to care for its citizens by reducing the fuel prices further after taking into account the landed price of petroluem products and that the exchange rate has remained stable for now.

The veep said a statement issued by MERA last month had shown that decline for landing cost of petrol, diesel and paraffin is 33.04%, 20.61% and 27.18% respectively.

He said this gave an average landing cost decline of 26.94%.

‘”The statement further shows that pump prices for petrol, diesel and paraffin have declined by 16.13%, 13.75% and 9.71% respectively. This gives an average decrease of pump price of 13.20%. This means that MERA has transferred only half (50%) of the benefits of the decrease to consumers,” Chilima had said.

Chilima’s calls have come to pass as MERA on Wednesday announced reduced fuel prices for the month of May after the review of prevailing factors that contribute to the pump price build up in the country and globally.

The new pump  prices are petrol K690.50 from K780, diesel is at K664,80 down from K765 while parrafin will be selling at K441.70 from K625.00.

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Maunits
Maunits
10 months ago

The Combination of Chakwera and Chilima ndima brains. 83 year old out.!!

The Patriot
10 months ago

Even if Mera reduces fuel prices to K1 Chilima will demand that the prices be reduced further. What a clown!!!

The Sniper.
The Sniper.
10 months ago
Reply to  The Patriot

That’s the power of the good leadership! You must be idiot. @Patriot

Acapulco
Acapulco
10 months ago

Chilima stop being snobby, chilichose azako a panga basi sanachite bwino. Learn to appreciate the decisions by mera management nawe ukazakhala CEO ku mera uzapanga zomwe ukuganizazi but for now shut up! . VP is one estranged economist who only calls for price reduction, I have never heard his call for price increase even when global prices demand we do so.

The Sniper.
The Sniper.
10 months ago
Reply to  Acapulco

He should stop what? Kikkkkkkk?

Good citizen
10 months ago

Mbuzi…….

Angoni sanga
Angoni sanga
10 months ago

Mfanay ndi runningmate wa mphanvu

Namatetule
10 months ago

Fuel prices are reviewed every month by Mera. Chilima should stop taking credit for what he has not done. His uncle in law is the on cheating him to take the credit. He has inside sources having been booted out of MERA

Sikusinja
Sikusinja
10 months ago

This is campaign gimmick plus oil prices are down so it’s inevitable. Next month they will do the same.

UTM Always
UTM Always
10 months ago

chilima adakonza eish

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