Fuel Prices goes up by 28.8 percent

October 9, 2021 Peter Makossah - Nyasa Times 9 Comments

The Malawi Energy Regulatory Authority (Mera) has announced an increase in fuel pump prices by 22.8 percent.

The fuel regulating body, says the increase is on average and will be effective from Sunday, October, 11th.

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Making the announcement Saturday evening Mera chief executive officer (CEO) Henry Kachaje said petrol will now be sold at K1, 150 from K899.20, representing a 27.89 percent increase.

Diesel pump price has been increased by 24.72 percent, to be selling at K1, 220 from K898 while paraffin price has been increased by 15.79 percent and this means it will now be selling at K833.20 from K719.60.

Kachaje attributed the development to international fuel price increase and recent depreciation of the Kwacha by 4.5 percent.

Said Kachaje: “The fuel prices have increased on the global market and therefore that has consequently affected the local pricing.

“The other contributing factor is the recent devaluation of the kwacha against the dollar.”

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9 replies on “Fuel Prices goes up by 28.8 percent”

  2. A kachaje mwachenjeratu!!! mwayiwala kuti mumatiuza kuti tizigulitsa zigege kuti tilemere inu mukuponya makalata uku…….. lero mukulengeza zoononga

  3. Malawians,the Government must see to it that the lives of the citizens are controlled by their Government and this is the fact that,the GOVT.is run by the citizens who are treated fairly by their own government.There are few people in Malawi who are rich and these can afford but,the MAJORiTY,can not afford due to the fact that,they have many people to support back home.The relatives of the workers,are not fade up well hence,malnutrition attacks children and old people especiallly parents.On the other way round,Presidents and Ministers are swimming in money that Malawians poor people,cannot afford.For instance,Mphonongo brutal Banda,has left millions if not trillions of DOLLARS in USA and BRITISH BANKS.I think you had seen your former GOD PREACHING CHAKWERA,bringing his daughter to the UK for a MEETING leaving top government workers.ALUTA CONTINUA,VENCEREMOS !!!!!!!!!!!!!!

  4. I went to the local market to buy tomatoes. Each was k300.Ridiculous.I wish Mera looked at the repercussion of making ridiculous fuel price increase in such thoughtless manner. I would be satisfied if you told us more about the market forces and currency devaluation of 4.5% that add up to 28% fuel price increase.
    By the way parrafin is not readily available in filing stations.

  5. Let’s be honest here, whilst the justification is viable, as a country what measures have been put in place to protect the citizenry from inflation?? We do not need people who should be reporting to us; we have done this because of that…we need people who should be giving us solutions to global crisis or whatsoever! By the way, do you remember when fuel prices were reduced globally by 15% or thereabout, what percentage did we reduce our fuel prices in Malawi? Now we are exposing our citizens to the whole upward percentage of fuel prices in the name of inevitable? Really??? (So Malawians only deserve the whole percentage when it’s an upward adjustment??)

  6. Peter Makossa, were writing still stoty when you were sober or drunk? Your Editor was equally sleeping on the job. Are you sure, Sunday is 11 October as you claim in your story? Which year is this? This is utter carelessness.

  8. we understand of the depriciation of 4.5% but how would that lead to a 22% increase in the prices? And why are you not open on the world petroleum prices and its break down in terms of transportation and other related cost. the absence of such information is one of the sources of political tension we always have in Malawi

  9. Thanks for the major boost to inflation to consumer goods and services which will lead to higher interest rates an further depreciation of the Kwacha

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