Malawi reduces fuel prices again

Malawi Energy Regulatory Authority (MERA) has resolved that the pump prices and wholesale prices of petrol, diesel and paraffin be revised downwards.

Motorists have to be happy the prices of fuel are down

MERA’s chief executive director Collins Magalasi says in a statement  that the move follows assessment of the impact of FOB prices on the international market and exchange rate movements on the landed cost of petroleum products into the country.

Following the revised prices have put maximum wholesale Price Per 1000 litres  at MK 612,060.00 while diesel will be sold at MK 586,360.00 and paraffin will be sold at 363,260.00.

Maximum Retail price per litre of Petrol will be at  MK690.50  while diesel price will be at MK664.80  and paraffin will be sold at MK441. 70

“The revised wholesale prices, pump prices and trading margins effective 8th May, 2020 at 00.01 a.m,”says Magalasi,

He says the authority is aware that just like all other sectors of the economy, the Liquid Fuels and Gas Industry has been affected negatively by the impactof Covid-19.

Magalasi says this is especially true following the consecutive downward pump price revisions in April 2020 and May 2020 as a result  of a plunge of oil prices on the international market.

“ It is for this reason that the Authority has resolved to grant a temporary increase of the retail margin by K3.00/litre subject to monthly reviews, to allow retailers to recover the losses resultant from the downward pump price revisions and to make up for the lost revenue due to the drop in demand for petroleum products as a result of preventive measures that have been put in place to curb the spread of the disease, ” he says.

The petroleum retailers are advised that it is mandatory that all service stations display prices of petroleum products on visible signage within the premises.

Meanwhile, MERA is appealing to transporters to consider reducing fares in response to the fuel reduction.

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ghettoh kid
ghettoh kid
10 months ago

ma guys a ma minibus nanuso chonde mutsitse mitengo please

444444No
444444No
10 months ago

Kkkkkkkkkkkkkkkkkkkkkkk,simumkati Chilima ndi Zeze,wapenga,sasha malami amafuta ,aMagalasi mwatani kodi?dont use it as a campaign tool tell dpp,fuel prices r to go down globally till 50 cents and below
Next week petrol shd be 375 diesel 340 we everything

weniweni
weniweni
10 months ago

CCHILIMA FUEL FIGURES WOYEEE . GIVE US MORE PLEASE CHILIMA

Elliot Ndhlovu
Elliot Ndhlovu
10 months ago
Reply to  weniweni

I think you are right, demand is lower than supply hence the reduction

Don Dada
Don Dada
10 months ago

So it took you all this time to see that Chilima’s figures on fuel reduction were accurate. Makani koma tsado imakuvutani.

Nyapaphi 3
10 months ago

Dzatchipadi idzi dziko lonse lapansi. Kwina nde akutchaja mongopereka kuti dziwachoke. Anthu sakuyenda chifukwa cha lockdown so supply is way beyond demand.

Elliot Ndhlovu
Elliot Ndhlovu
10 months ago
Reply to  Nyapaphi 3

I think you are right, demand is lower than supply hence the reduction

Kaka
Kaka
10 months ago

GREAT news.

KotiMan
KotiMan
10 months ago

Chilima anakuwuzani izi, Koma makani……minds of a king

Tonse alliance
Tonse alliance
10 months ago

Nanga bwanji sanadikire awowo kuti alengeze kaye as a measure of cushioning businesses and citizens for Covid-19 effects?

weniweni
weniweni
10 months ago
Reply to  Tonse alliance

Chilima anane kale kuti mtengo kuti akutibera mtengo siuyu. bwanji mumakana

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