US EditionMalawi Raises Fuel Prices by More than 40%
Malawi Energy Regulatory Authority cites fixed pricing losses and fuel smuggling as reasons for the 41.9% petrol and 41.3% diesel price hike impacting households and transport.
- Tuesday, MERA approved petrol and diesel price increases of 41.9% and 41.29%, respectively, in one of the steepest recent adjustments, affecting Malawians.
- Blaming past pricing rules, MERA argued the abandonment of the Automatic Pricing Mechanism and fuel smuggling depleted Strategic Fuel Reserves and blocked levy remittances to the RFA and MAREP.
- Sharp rises in transport fares are already being reported, and the hike is expected to raise minibus fares, maize prices, construction costs, and electricity tariffs, pressuring ordinary Malawians.
- Local commentators warned Tuesday's fuel increase could harm President Peter Mutharika's efforts while the government seeks IMF help and critics say citizens pay for policy failures.
- Since President Peter Mutharika returned last year, petrol and diesel costs have risen by 95% and 80%, while supply improved over the past two months despite rising commodity prices after October's hike and this month's sales tax.
13 Articles
13 Articles
Malawians Wake to Fuel Price Shock As Petrol, Diesel Jump Over 41 Percent Overnight
Malawians woke up on Tuesday to a brutal cost-of-living shock after fuel prices were hiked by more than 41 percent, a drastic increase that is set to send prices of food, transport, and basic goods sharply higher in an economy already on its knees.
Fuel prices haunt Malawians, experts offer tips
The Lazarus Chakwera administration’s politicisation of fuel price decisions has caught up with Malawians as the impact of holding prices for nearly two years has partly culminated in a 41.6 percent average price hike yesterday. The increase comes less than four months after a 33.2 percent average hike on October 1 last year, which, taken together with yesterday’s, translates to a cumulative 87.8 percent spike as the market self-corrects ever si…
Fuel Price Up 40% In Malawi
In less than four months fuel Price in Malawi has been raised to unimaginable levels triggering panic across the country. Malawi Energy Regulatory Authority (Mera) said the fixed pricing system of the previous government was “unsustainable” and had led to “significant” losses. Mera said it was increasing diesel prices by 41.3% and petrol prices by
Malawi Hikes Fuel Price By Over 40% Amid Fear Of High Living Cost
By Enyichukwu Enemanna Malawi’s energy regulatory agency has raised petrol and diesel prices by more than 40%, amidst concern by analysts that this could lead to an increase in cost-of-living in the Southern African country. This marked the second time fuel costs have gone up in the country in the last four months. The Malawi Energy Regulatory Authority (MERA) had in a statement on Tuesday said the fixed pricing system of the previous administra…
MERA cites costs, market pressures behind fuel and electricity hike Malawi 24 | Latest News from Malawi
Malawi Energy Regulatory Authority (MERA) has raised petrol and diesel prices by over 41 percent and approved a 12 percent increase in electricity tariffs, citing rising import costs, market distortions, and the need to fund essential levies. At a press briefing in Lilongwe, MERA Acting CEO Dad Chinthambi said the price adjustments follow the reactivation […] The post MERA cites costs, market pressures behind fuel and electricity hike appeared f…
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