Malawi should tell companies in the country to shut down – MCCI

Nov 08, 2016 Business 29
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The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the hiking of fuel amid persistent blackouts in the country is just better telling Malawian companies to shut down.

Malawi Energy Regulatory Authority (Mera) announced the hiking of fuel last Thursday on 4th November 2016 and the development comes a month after another adjustment.

chancellor-kaferapanjira
Kaferapanjira has made the call.

Reacting to the development, MCCCI chief executive officer, Chancellor Kaferapanjira, the raising has not come in the right time.

He said considering the current persistent blackouts which has hit hard the country, this is just mockery and says it is a setback to the production industry.

“It is a big blow, we are aware indeed that kwacha has depreciated and i think that is the main reason for hiking.

But when the hike comes at a time when every industry is using diesel to run the factory because Escom is denying electricity then it is as good as telling companies that we don’t want your industry in Malawi.” Said Kaferapanjira.

He further said Mera would have used money from the price stabilization fund but Instead of using it in reducing the cost of fuel, they have used in buying maize which according to him it away from its intended purpose.

Meanwhile, MERA has described the recent rise of fuel price as being in the best interest of poor Malawians. The body which is responsible for determining fuel prices in the county says it has managed to protect Malawians from a huge hike.

Speaking to the local media, Public Relations Officer for the energy regulatory body Selina Khonje said that they have only raised the prices by 4 percent instead of the necessary 8 percent.

“The fuel prices were supposed to go up by 8 percent but have gone by 4 percent only,” she explained. Khonje further claimed that the fuel prices were supposed to go up three months ago but the body decided to delay the hike.

The new prices see petrol selling at K824.70 per litre from K788.30, Diesel going at K815.80 litre from K766.90 and Paraffin selling at K648.70 per litre from K609.80. The prices were effective November 4th.

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29 Comments

  3. How do the government thinking about our everyday life ? They are raising fuel prices as our own erectricity source in connection with generators as they have failed 2 improve hydroelectric power supply the source that we abundantly depend on it.

  4. be specific,not malawians to tell companies to shut down,rather say Peter and his Dpp should tell companies to shut down.Peter has no solutions to malawi problems.This president came to finish malawi.JB and Khumbo surrendered a portion of their salaries to Government wise people,But peter buys a new car at over 100m amidst poverty and hunger,no drugs,no power, Thus how an eccentric behave.

  5. TiZilimbikira kupemphera ndi nthawi yake olo kuno ku Mozambique akwelanso ngakhale kuli madoko, kumalawiko Akuchokera kuno , owelengawe khalani mmaso,

    1. Choka Iwe Wa DPP Iwe nkhani ya mozambiki ndani wakufutsa mlungu azakulangani mzalandira mvula yowononga khalani tcheru

    2. mmmm bambo kukhala wa DPP sichifukwa koma yanganani nthawi imene tili, pano ku Mozambique sopo amene amagulidwa 200mt pano ndi 400mt, mafuta omwewa agarimoto anali pa 42mt pano ndi 68, but nobody who has a stupid aidea anatukwanapo ntsogoleri. amalawi adziwe kuti utsogoleri amasankha ndi mulungu,

    1. bambo Kubheka, What do you mean here ? what is the burstard ? in my vocaburaly i havent found that word. Close word to your ,burstard is bastard.If you meant bastard then you are the first one, Mind you this is the page we come across bastard.

  11. only God knows,malawi’s economic challenges will be ahistry.some countries have been in challenges more than these and the problems were there and will be there.There’s no peace in the world see the devoloped countries,there’s no stability at all.

  12. Madzi kuvuta, magetsi kumayaka 3 hrs only, mankhwala kuchipatala kulibe, mafuta kukweza, mafeez kukweza, chimanga kukweza, fodya mpaka lero sanagudwe komanso angombweza, katangale patsogolo, kuopyeza atolankhani a private, kugula galimoto yodula anthu tikuvutika the list is endless then the president claims to have fulfilled his campaign promise by now! My God!

  15. Malawi wanga ine mayooo zikadakhala kuti munthu umasankha dziko lobadwila nkadasankha lina koma ayi Malawi waonjeza zose kungokhala poor iiiiiii

  16. i igree with guyz malawi wafika pamanyi tsopano tipite ku xul fee hike tigure mafuta magetsi akuvuta price hike nde tipite kut tsopano mutiuze

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