Malawi fuel prices below global average
Malawi’s fuel prices are lower than the average of global prices in the period between August and November, a global patrol price portal has shown.
According to the https://www.globalpetrolprices.com/gasoline_prices/, the average value for Malawi during that period was 908.77 Malawian Kwacha with a minimum of 888.00 Malawian Kwacha on 13-Aug-2018 and a maximum of 932.50 Malawian Kwacha on 08-Oct-2018.
“For comparison, the average price of gasoline in the world for this period is 1,170.67 Malawian Kwacha,” says the website.
The website says as a general rule, richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.
One notable exception is the U.S. which is an economically advanced country but has low gas prices.
The differences in prices across countries are due to the various taxes and subsidies for gasoline.
It says all countries have access to the same petroleum prices of international markets but then decide to impose different taxes.
As a result, the retail price of gasoline is different.
On its ranking of fuel prices, Malawi fuel price is cheaper than in the price in 63 other countries around the world including Zambia, Zimbabwe, Germany, Denmark, Spain, Switzerland and Italy.
Malawi went two years without fuel price adjustment until September 2018.
The global fuel price has kept rising in the past three months leaving Malawi Energy Regulatory Authority with no choice but to also adjust the price of the fuel on local pumps.
The fuel price adjustment comes on the same day the IMF Executive Board has announced that Malawi’s economy has overperformed in a some indicators and that that future of the economy looks positive.
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The reason for Average prices globally being higher is more to do with fuel quality.
The fuel quality in Malawi is no where near the global standards of fuel quality.
For e.g some filling stations claim to have 50ppm fuel but unfortunately they don’t.
How do we know this is because our LTR /100 KM is the same from previous years in the same car though it is claimed that we have 50 Parts Per Million diesel now.
Don’t understand the merit of this article. Is it about justifying fuel increase? If so, why don’t you use the same argument for pay rise so that Malawians will be at par with the countries mentioned in the article.
IF I MAY ASK,HOW MUCH IS AN ORDINARY MALAWIAN EARN PER DAY?COMPARED TO OTHER RICH NATIONS MENTIONED ABOVE,THAT POSES A BILLION $ QUESTION.MALAWIANS ARE NOT FOOLS MR HE,WILL RESPOND ON 21 MAY NEXT YEAR,TAKE IT /LEAVE IT
looks like someone failed their economics class…
WE have nothing to utter we shall air our views over this on 21 May, 2019
and Malawi is the poorest on the list of countries compared t ohere,that is why it is nosense to bring such crazy comparisons, when on average the poorest people on the said countries live in Malawi
Iwe za utsiru ayi! Usandikwezetse BP wamva?
Those countries you are talking about, their GBPD can not compare with ours here in Malawi! This is where these comparisons do not work and make no sense. More than 90% of our people live on less that a dollar per day. Go to the villages and see what is happening there. Tisayankhulitsane pambali. Iwe umalandira mwezi ndi mwezi koma agago ako akusowa yasopo, mchere, shuga kumudzi.
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