CDEDI Blames Govt For Lacking Economic Eye, Questions MERA, NOCMA Decisions
By Iommie Chiwalo
The Centre for Democracy and Economic Development Initiatives (CDEDI) has expressed shock by indecisiveness of Tonse Alliance led Government by raising fuel pump price twice within a space of three months, signaling lack of economic eye.
The fuel price hike shocked Malawians since it is happening at a time when the economic wheels are turning at a snail’s pace due to the advent of the Covid-19 pandemic.
In a statement released March 12, 2021 CDEDI Executive Director, Sylvester Namiwa, says it is worth noting right at the onset, that any upward increase in fuel pump price means an outright increase in the prices for essential services and basic products including food, transport and rentals considering that fuel, which drives the country’s economy, is an imported commodity.
CDEDI faults Chakwera s poor administrative decision for recent fuel price hike | Malawi Nyasa Times nyasatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nyasatimes.com Daily Mail and Mail on Sunday newspapers.
Electricity Supply Corporation of Malawi (ESCOM) has trashed social media reports indicating that the power utility body has hiked prices of electricity. On
According to Publicist for the Authority, Fitina Khonje, the price adjustment will be effective from midnight tonight.
Below are some of the changes per litre.
The cost of petrol has risen from K834.60 to K899.20 representing an increase of 7.74 percent.
Diesel pump price has been adjusted from K826.40 to K898.00 representing an increase of 8.66 percent.
There is a 17.35 percent price increase for paraffin. Its price has gone up from K613.20 to K719.60
Khonje has announced the development during a press briefing on Monday evening in Lilongwe.
She has attributed the hike to increment of free on board prices as a major factor for the adjustment, saying this has increased landed costs.
Senior Resident Magistrate Shyreen Chirwa has set 23rd March 2021 as a day a case involving former Malawi Energy Regulatory Authority Chief Executive Officer Collins Magalasi shall commence.
Magalasi is answering fraud and abuse of office charges following a role he played in paying accommodation for Democratic Progressive Party (DPP) officials who travelled to Blantyre for a party convention.
It is alleged that Magalasi used his position as CEO for Mera to divert 10 million kwacha to pay for accommodation at Kanjedza lodge in Blantyre where the DPP officials lodged.
Steven Kayuni Director of Public Prosecution said the trial has been slated for 23 March and the State is very ready to parade 7 witnesses.