December 16, 2020 Wanga Gwede- Nyasa Times 34 Comments
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.