Malawi raises fuel prices  in response to  currency weakness

The Malawi Energy Regulatory Authority (Mera) has raised fuel prices upwards effective midnight, a move that is likely to push up prices for maize in the country where there are already food shortages.

Changes to fuel supplies

The price increase is partly in response to weakness in Malawi’s kwacha currency against the U.S. dollar  – by 3.37 percent since May this year – as well as changes in the cost of importing the fuel.

Addressing the media in Lilongwe on Wednesday evening, Mera spokesperson Fitina Khonje said the Authority  it had increased the pump price of petrol by 20.87 percentfrom K690. 50 to K834. 60  and  diesel by 24.31 percent  from K664. 80 to K826. 40 to reflect the weakened kwacha and a soaring inflation rate.

Paraffin has been increased from K441. 70 to K613. 20 representing 38.83 percent.

The kwacha has come under pressure partly from falling export revenue from the country’s main crop, tobacco and general weakness in African currencies due to falls in commodity prices.

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God loves Malawi
God loves Malawi
7 months ago

When you get position by disloyalty, God never stands with you…For God doesn’t reward disloyalty and He will never do that..Everything is falling apart, because of disloyalty Chakwera and Chilima demonstrated… And now Malawians who ignorantly supported your disloyalty are paying the price while you are enjoying their taxes…God will not leave you unpunished

laws
laws
7 months ago

You placed VAT on cooking oil and this time you are raising fuel by over 20%? are you thinking of an ordinary Malawian in the village?SHAME ON TONSE ALLIANCE you talk a lot and you are unable to implement.

Tonse Alliance
Tonse Alliance
7 months ago

I saw this coming and more things on the way. The Tonse alliance has failed many times better the previous government imagine our friends from AHL Since September 2020 have not recieved their salaries yet there is a government in place by the name of Tonse. Imagine workers are chased in their respective homes with the owners of the house but no one is there to talk this big issue even in radios called zikachitika mumvera kwa ife. Its better kwa Pharoah anthu amadya and they were recieving their salaries than where we are. Expect another tough times in Malawi… Read more »

Hmariwa
Hmariwa
7 months ago
Reply to  Tonse Alliance

This story is full of lies and we asked our friends at AHL and said you just hate Alliance. They also told us that it was totally overdue to sack Matabwa a big thief at AHL and needed to be arrested, they said it.

Kudya katatu patsiku
Kudya katatu patsiku
7 months ago

Ichi ndi chiyambi chabe. More is to follow

phiri
7 months ago

BOMA LOKOMERA ONSE ILO HAHAHAHAHAH HEDEDEDEDEDED

Kast
Kast
7 months ago

Chili chonse Chakwera . There is meaning in names.

Hede
Hede
7 months ago
Reply to  Kast

That’s a good one. Kast you are a genius!

Francis Kacha,i
7 months ago

Fuel price hike misplaced

PelomaPepe
PelomaPepe
7 months ago

Poti mumati anzanu aja amatibera aMalawi for raising fuel prices when prices at the international markets were low, ndee pano nanunso mukutibera?? Why would you raise fuel prices at a time when the country is already grappling with rising food prices and Covid-19 impacts? To add salt to the wound, at the middle of the month!!!!

Za mkutu
Za mkutu
7 months ago

Tonse Govt.

Malawi okomera tonse ndi ameneyu, tonse tigula mafuta mokwera. Nde mukudandaula chani?

Free water connecooo
Free water connecooo
7 months ago
Reply to  Za mkutu

MUZIONA

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