Malawi fuel prices skyrocket: Brace for tougher times ahead

Malawians should expect tough times as prices of commodities are likely to go up following the announcement by the Malawi Energy Regulatory Authority (MERA) that the prices of fuel have gone up effective 3rd November, 2016.

According to a statement released by MERA signed by its Chairman Reverend Dr. Joseph  Bvumbwe, the fuel price hike comes after considerations in recent trends in the world of petroleum products prices and changes in other Macro-Economic fundamentals in the local market and their impact on energy prices.

The statement reveals that Kwacha has depreciated against the United States Dollar (USD) trading at K729.63 per USD at the time of review from K715.00 per USD as noted in June 2016.

The newly prices are therefore as follow: -Petrol will be selling at K824.70 from K788.30. -Diesel will be sold at K815.80 from K766.90. -Paraffin will be selling at K648.70 from K609.80.

This represents a 11.02%, 18.66% and 16.37% respectively.

The fuel increase  will certainly slash the incomes of Malawians.

Malawi economy is on death bed. Already price of food supplies are high.

Just recently, Maize was also hiked fromm K5, 500 to K12,500 representing a historical increase of 127%.

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santana
Guest

Useless discussion. Are you telling me that this is the first time to experience fuel price hike? Mukulankhula ngati mwaona zachilendo bwanji? Ma mini bus anasiya liti kukweza transport money? Ndani anagonapo ndi njala chifukwa cha kudula kwa mafuta? Kukokomeza kopanda nako manyazi uku.

Opals
Guest
APM (Automatice Price Adjustment Mechanism) woyee! You’ve however misrepresented the % rises Nyasa. What you have quoted are In Bond Landed Cost (IBLC) increases. MERA has only passed 50% of that to consumers; whilst the other 50% has been absorbed by the Fuel Price Stabilization Fund. Thus, the adjustments are supposed to read 4.62% (Petrol), 6.38% (Diesel) and 6.38% (Paraffin). Notwithstanding, can’t MERA be more transparent about the IBLC movement. Beyond indicating that importation costs have increased by more than the 5% APM trigger, doesn’t it behoove MERA to publicly avail disaggregated data about the variability of the various components… Read more »
Jacob
Guest
Malawian parliamentarians are to blame. There was a bill during Bingu’s time that there shud be a oil pipe to run from Beira to Nsanje port to cut the expenses on transport but this was shot down b august house(anaikamo ndale). Today you govt is clear that on the international market fuel price is low but the fuel hike is attributed to transport costs from Beira to Mw. Therefore it is better even inu atolankhani athu do not just rush to report of present situation instead have a background as to why such a thing is happening; thats what i… Read more »
Vindele
Guest

U aint seen nothing yet. Peter is going to make u pay 4 giving him Presidency seat.The guy is sick & wants more money to treat his ailment.He’s going to milk this country dry.

George Chaponda
Guest

Fuck Mutharika and the DPP Government you Evil Demons, Thieves, Liars, Adulterers ,Murders you are worse than the Lucifer In the name of Jesus I say Fire Burn To Hell will you and your Entire cabinet, party members and sympathizers Go If you are Lucky not to die such a dishonorable Death like your Late Brothers at least the Gates of Maula will Welcome you to the real World

nyasimmaso
Guest

one of the signs kuti this Government is ineligible to rule the country. Mukabera ndi choncho. sizinati nvula yayamba macoupon kuli zii. chaka chamawa nde tizanamizila chani. mbuli zokhazokha zakumana

be humane
Guest

blame it Joyce Banda for making automatic fuel pricing

Youna
Guest

Why blaming JB on APM cluelessness? JB analiko bwino than man tilinaowa. Expect more troubles to come.

Vindele
Guest

Iwe nde mbuzi yeni yeni mheeeee.

Jailosi
Guest

If it APM ( Automatic Pricing Mechanism) was a bad idea why didnt /cant your inept and clueless joker of president reverse it you fool. Joyce Banda left us more than two years ago and i think its high time got life and accept that you are incharge and accept that this country is in a mess because you cartoons cant get things done.

Douglas Ndindi
Guest

Quote my silence. There is more in it than in any words I can say.

Patrick
Guest

DPP WOYEEEEEE

peterbanda@gmail.com
Guest

Government has no clue how to run the economy

wpDiscuz

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