Malawi increases fuel prices

Oct 17, 2016 Business 130
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Mzuzu

Malawi Energy Regulatory Authority (Mera) has raised pump prices for petrol, diesel, and paraffin effective Sunday in reaction to changes in the values of the Malawi kwacha exchange rate to the dollar and free on board (FOB) prices.

Following the increase made by the Mera Board at its meeting on Tuesday this week, petrol has gone up from K743.30 per litre to K788.30 per litre representing a 6.05 percent increase.

Fuel
Fuel prices up!

Diesel, on the other hand, has gone up by 6.10 percent from K722 per litre to K766.90 per litre while paraffin is now selling at K609.80 from K580.40 per litre, an increase of 5.007 percent.

In arriving at the decision, Mera observed that FOB values for petrol, diesel, and paraffin went up by 18.26 percent, 19.86 percent and 16.88 percent in that order between the latest review and the previous one in May. The Malawi kwacha also traded at K715 to the dollar from K750, a 4.7 percent loss in value.

Under the automatic pricing Mechanism (APM), petroleum prices are revised upwards or downwards whenever there is a plus/minus five percent change in variables.

In a related development, electricity tariffs have been maintained at K57.72 per unit as the automatic tariff formula change was within the minus/plus five percent band.

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130 Comments

  1. Kukweza kwamtengo wa fuel its not onily Malawi but many countries like RSA, Zambia ngakhale awa okonda nkhondowa ali ndi madoko atatu akulu akulu Beira, Nampula, ndi Maputo nawonso adakweza mitengoyo. Moti zokudya zatha kudula kwambiri. Diesel ali 51.02mt yomwe kumeneko ndi k650.20. Petro ndi 52.20meticals pomwe ili k680.20t. Koma alibe custom madoko ndi awo. Don’t blame Pitala tamulekani peshenti.

  3. I wonder, the changes always happen in one direction, when prices went down on international market I didn’t hear of prices going down #SMH

  12. chonde tisade munthu mafuta africa yonse mitengo yamafuta yakwera ndi dziko limene linasalila kukweza ntengo ndi malawi kuchoka january kufika october kuno ku south africa mafuta akweza kangati kaya kuchoka pa R10 pano tili ma tin pofika disemba tifika R20 ndipo katundu lero uva mtengo wina kungodusa masiku osepa kuva mtengo wina awojezela mtengo kathumba ka ufa 12kg january timagula pa R70 pano ndi R119.99 palibe zachilendo tingopilira

  14. MMM Amalawi24 uvunduzi uzolowela ukwela malichero usiku.mwati mumagula mafuta agalimoto inu? petrol adakali pa K788.30 pa litre.nde ukwelako akweza pati? MALAWI24 UKHUTU PEDEGU BASI

  18. anthu mukungokamba mu Nkhani yalebedwa apa fuel takhala tikugula pa mtengo 788 kwa miyezi pano palibepo chasintha apa Nkhani iyi ndi yabodza Malawi 24 mbuzi

  21. mmmmmm fuel prices are just the same old ones,from which source have you taken this information?? Make proper investigations before going into publication. ..bwinotu bwino

  23. Kodi guys chachilendo ndi chani kodi ayamba lero kukweza zinthu bwanji tichotse mtima omangodandaula ndikulimbira tchito ndikuona ngati tichedwa nazo mwina ndiphamvu yakusadziwa kuno ku s.a akweza mntengo kodi alipo amene safuna phindu koma vuto ndi ulesi amalawi shatapu zopusa eti mupite komwe kulibe mavuto

  25. WHILE OUR NEIGHBORING COUNTRIES ARE DOING FINE ECONOMICALLY,MALAWI Z DOING THE OPPOSITE AND YOU KNOW WHY MOST IDIOTS WILL THINK THIS IS A GLOBAL CRISIS,BUT NO ITS NOT,HOW COME TANZANIA AND ZAMBIA ARE DOING FINE,ITS BECAUSE OF THY READERSHIP ABILITY TO SOLVE PROBLEMS AND THE WILLINGNESS TO SOLVE THE PROBLEMS FACING THY COUNTRIES NO MATTER HOW DDP WILL INTRODUCE NEW TAX RAISE THEM,MALAWI WILL NEVER CHANGE ITS TIME OUR GOVERNMENT SHUD INVEST IN ITS OWN BUSINESS JUST THE WAY KAMUZU DID WITH PRESS TRUST,ITS A STUPID THING TO RAISE COMMODITIES JUST BECAUSE OF INFLATION DOES IT MEAN AS A COUNTRY WE DONT HAVE FINANCIAL RESERVES FOR BACK UP OR MAY BE THE LAST 4 leaders were just idiots,

  28. Kodi salary mumakweza kamodzi pa chaka koma zodula ku salary yo zimapitilira ndalama yokwezayo. Vat on tap water, bread, fuel, mkaka, kenako zimbudzi zokumbanso tingomva vat izibweranso

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  39. Choyamba Apa Ninda ni Modzi Mwa ife Ndikoyamba Kuvapo Kuti Petulo Palafin Dizil Akwaza Mtengo? Tisakane Kumdzi Chifukwa izinzi , Mupaka kula nkhula kuti kuti Sunga pitenso ku Malawi Becoz Of South Africa, Ndinu Mumabela Azanunso Aku Malawi Mu Mtauni ya Johannesburg, Inu Mwawabela Azanu , Nanunso Madolo Azanu futi Manja Mawa Nanu Malilo Ok kanani Osapita Kumudzi, Amalawi Ambiri Akubeledwa Mu Johannesburg Tauni Amene Mkukana Kupita ku Malawi, Amalamwi Akulili Kwambili Mtauni Ya Jonzi Sibwino Tizipangana Chopogwe koma Tose Ndi Akumodzi Mzafa Ifa Yowawa Msiye Zimenzo Ku South Africa Kuno Sikwathu , Tose Ndife Mafolena Sinatchule Mtundu Ai Koma Msiye Chipongwe Ndi Azanu,

  41. Malawi Energy Regulatory Authority (Mera) has raised pump prices for petrol, diesel, and paraffin effective Sunday in reaction to changes in the values of the Malawi kwacha exchange rate to the dollar and free on board (FOB) prices. Following the increase made by the Mera Board at its meeting on Tuesday this week, petrol has gone up from K743.30 per litre to K788.30 per litre representing a 6.05 percent increase. Fuel prices up! Diesel, on the other hand, has gone up by 6.10 percent from K722 per litre to K766.90 per litre while paraffin is now selling at K609.80 from K580.40 per litre, an increase of 5.007 percent. In arriving at the decision, Mera observed that FOB values for petrol, diesel, and paraffin went up by 18.26 percent, 19.86 percent and 16.88 percent in that order between the latest review and the previous one in May. The Malawi kwacha also traded at K715 to the dollar from K750, a 4.7 percent loss in value. Under the automatic pricing Mechanism (APM), petroleum prices are revised upwards or downwards whenever there is a plus/minus five percent change in variables. In a related development, electricity tariffs have been maintained at K57.72 per unit as the automatic tariff formula change was within the minus/plus five percent band.

  42. This is what we say; always in Africa we depends on how much I will gain if ican be elected as an apresident or Minister, in governments after all we just ignoring for how much people they needed when they elected us!!!

  47. Mmmmm too much now, big man he spend more time at America and it cost a lot of money compared with kwacha n dollar. Now money down,ovutika ndife amalawi osauka zithu zonse zikukwela mitengo mmmm ena akugwetsa kwacha nkhawa alibe.

  52. Idont know if he was just dreaming about the rises of fuel price because there is no old & new prices there, So, Amalawi m’zilemba nkani mwachim’vekere because sitikum’vetsetsa zimene ukunana.

  60. I don’t see any price adjustment here. Is the journalist dreaming? Hey, wake up. This Is October and not June. I am worried he has lost all these months sleeping and dreaming.

  62. In other countries such as Tanzania,price differs according to distance.That of Mbeya is expensive than that of DSM that if LL belongs TZ,we could have been in disaster

  81. well,not just happening in malawi.we were buying gasoline for around k10 per litre and now it has jumped to k13.50ngwee.looks like it is a regional,if not a global hike.

    2. i do not know what has triggered the hike in malawi.here it us thanx to the removal of fuel subsidy by the zambian government

    5. #Adibwe, its of no use to show the world how empty and stupid u are. Be quite and keep ur stupidity to urself.

    6. i dont think this is the right platform for insults,i just dont see anything that warrants insults and am surely the wrong person to get into an insult-match with.if my comments offended you why not keep quiet?am not even about to tanish my image on this platform.peace be with you,adibwe.

    9. this is nt a whatsapp chat group whr you interact with mostly people you know.we ar discussin very critical matas and they concern a number of countries.without doubt,mutual respect must be exercised.when i insult back you will rush to say zambians’ are full of nothing but ukutukana insele.

  87. Ndidasiya Kukukhulupiliran Inu Mumangofuna Macoment Ambiri Pa Ma Post Anu Ndinu Mbuli Mulibe Ukadaulo Kod Amacra Akukusiyani Pat?

    2. Are the pump prices the same?? Are the fuel levies in South Africa the same as Malawi?? Is the earning power in South Africa the same as Malawi… Why is it that mukakhala kumeneko mmaziyesa ozindikira?? Muziwerengako zinazi musanayankhule…

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