Malawi fuel prices reduced: Chilima’s call comes to pass

December 15, 2018 Wongani Chiuta -Nyasa Times 39 Comments

Malawi Energy Regulatory Authority (Mera) has revised downwards pump prices of fuel  with immediate effect a month after State Vice-President Saulos Chilima, who is also UTM interim leader, asked the Democratic Progress Party (DPP) administration to either reduce prices of fuel or face unspecified action.

  • Motorists can smile with reduced fuel prices

According to the revised price structure, diesel will now be selling at K949.60 from K990.40 per litre, petrol is now at K923.50 from  K990.30,  while paraffin is pegged at K781.80 fromK785.00 per litre.

A statement seen by Nyasa Times  signed by Mera board chairperson Bishop Joseph Bvumbwe and its chief executive officer Collins Magalasi said the regulator has considered  recent trends in the world petroleum products prices and changes in other macroeconomic fundamentals on the local market and their impact on energy prices.

Mera said the average free on board (FoB) prices of petrol, diesel and paraffin dropped significantly in November when compared to ruling average FoB prices obtained in October  on which thehiked fuel pump prices were based. 

Said the statement: “ In November  2018, the average FoB prices of petrol, diesel and paraffin decreaed by 19.60 percent, 16.09 percent and 13.63 percent respectively when compared to the average obtained in the month of October, 2018 used in determining the ruling pump prices.”

Mera said the combined effect of the movement of the FoB prices and exchange rate of the kwacha to the dollar as well as changes in the local factors that determine the maximum pump prices.

Speaking at a public rally in Karonga, a fortnight ago, Chilima said the country has no grounds for hiking fuel prices when the rest of the world has been reducing the same.

I promised that I will only be saying the truth. There is no way fuel prices can go up while the prices are being reduced globally. This could mean the exchange rate in our country does not reflect the truth. They want us to compensate them through fuel prices.

“This is your [the government’s] problem not ours. Fuel prices should be reduced. This is not politics. We do not want to hear about the hikes of prices of goods, transport fares and other services and products because you are failing to work on the economy. If you fail to reduce the price of fuel, we will agree on what to do [with you],” Chilima said.

The drop will be good news as it will relieve pressure on consumers who are feeling the pinch of high cost of living due to poor economic performance.

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39 replies on “Malawi fuel prices reduced: Chilima’s call comes to pass”

  1. MBUZI inu, MBAVA za dpp, who do you think you are fooling???????????? May2019 you will see who the real fool is.

  8. Now now now…..that sexed up part of the headline. “Kukweza change mmwambatu” kumeneko. Which Malawian didn’t understand that the hike had been uncalled for….

    Ngati tayamba zimenezi ali chayapoo!! Nanji akakhalapo…..

    Anthu ooneka ozindikiranu are the ones who create mediocre leadership thru your praise n warship….

  11. Now we want you to reduce interests rates.They have all received kickbacks .Akuziww kuti you have people at heart

  12. Chilima ndi Deal akanena mafana akumachita zomwe President ofunila anthu ake zabwino. Kwasala ayankhe za ma teacher omwe ali capital hill aja

  16. just check standard Bank exchange rates for the last few days and compare them to last month and do your analysis.Economic and political issues should be differentiated, unfortunately few people use their heads but just follow what they hear.The kwacha is stabilising now.

  18. Moka inu ndi Chilima wanuyu, mpaka ma headlines choncho? You are simply getting duped by this HARDtalk failure.
    …so, I was reading yesterday Nairobi News, and they said fuel prices in Kenya have been reduced too: Does this not mean there is some overall market forces, rather than political ones, necessitating this? Kikiki or, should we also say, Chilima wakonza zimenezi ku Kenya!
    There is nobody in this country, and in their senses, who believe that Chilima is calling the shot. Any shots period.

  21. How can this be Chilimas call when he said with immediate effect and it didn’t happen. Fuel price is determined by APS so if it determined it should go down, the price went down. Moreover Magalasi explained they use previous months figures to determine the price and he said in December most likely it will go down. And thirdly there are so many people who spoke against the fuel hike before Chilima spoke about it.

  23. It was a cry by all Malawians kofi nafe tayamba kusanduka ngati enawa chili chonse tizingoti Chilima this Chilima that.Lets be different.Bravo Mera for listening to the plea by Malawians

  29. Much better , not your day light robbery of increase the price while globally the same commodity is being reduced.

    We thank you Chilima for your fearless demand and pressure on this thieving government.
    Keep on fighting for our poor brothers and sisters in the village, who suffer most when the government takes such poor decision.

  30. Chilima wayamba kulamula ngati president osatiso VP awa ndi Mr pompopompo .akangoti katangale Ku escom mwawonjeza samakana aku escom uva eeeee mafuta adabedwadi ,mafuta tsitsani uva eeeee tatsitsa nanga za 5vehicles and k145 m zilipati chonde achilima tithandizeni

  31. Phwaaa! SKC has done it again while the leader of opposition Chakwera is doing nothing. SKC is running the country. Just think, when SKC becomes president, decisions will be prompt. Inefficiencies will be met by definitive counter actions. Again, phwaaa.

  32. Mr. Reporter Wongani Chiuta u r a fool just like Saulosi Chilima himself. U praise him for nothing just like how his followers love him just bcz he plays basketball and jogging in the morning and they bliv he can b a good Leader just bcz of that. How many pple voiced there concerns about the increase?? Iweyo of all the pple waonapo Chitsilu chinzakochi basi???

  34. Chilima is charismatic. Apart from Ty his fuel issue he also put to rest the furror about MEC, where there were calls for Jane Ansa to resign. He was in UK then. On return he simply said there was nothing amiss and that Ansa must not resign. The matter died there and then.
    On his return from UK too he promised dual citizenship if voted into power. The bill has since passed. There the industrial hemp bill too and he elderlys’ stipend, those 65 years and above. Bill passed. I could go on and on. The man is electric, he is charismatic.

  36. This man brother of mine, Saulos Chilima is damn stupid. And you Nyasatimes, how do you give a title that shows how weak you are at your own analysis?
    The later part of your article clearly says why the prices have gone down: reduction international prices

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