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.
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.
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
[…] Source: Nyasa Times […]
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.
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 »
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.
Ichi ndi chiyambi chabe. More is to follow
BOMA LOKOMERA ONSE ILO HAHAHAHAHAH HEDEDEDEDEDED
Chili chonse Chakwera . There is meaning in names.
That’s a good one. Kast you are a genius!
Fuel price hike misplaced
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!!!!
Tonse Govt.
Malawi okomera tonse ndi ameneyu, tonse tigula mafuta mokwera. Nde mukudandaula chani?
MUZIONA