Malawi maintains fuel, electricity prices

Malawi Energy Regulatory Authority (Mera) has announced that it has maintained pump prices fuel and electricity prices at current levels.

Mera said Petrol will still be sold at K839/litre and Diesel at K853.40/litre.

Since the energy regulatory adopted the automatic pricing mechanism (APM) in June 2012, fuel pump prices are adjusted to reflect fuel price movements on the international market and pump price adjustments reflect the changes in the value of In Bond Landed Cost (IBLC) of petroleum products and movements of the kwacha against the dollar.

The APM operates within a threshold of plus or minus five percent which is also the trigger limit, meaning that a change in IBLC of more than five percent, will trigger a price adjustment.

Mera has also maintained Escom electricity tarrifs where the average price is at K35.69 or $0.087 per kilowatt per hour.

On electricity, Mera reviews tariffs under what is called automatic tariff adjustment formula (Ataf).

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