Goodall justifies fuel price hike

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Malawi Minister of Finance Goodall Gondwe has justied the fuel hike by the Malawi Energy Regulatory Authority (MERA) saying it will prevent a fuel crisis.

On Thursday, MERA effected six percent fuel hike that has witnessed petrol being sold at K990.30 per litre while diesel is costing K990.40 per litre.

Goodall Gondwe

Goodall Gondwe: Hike will prevent fuel crisis

Speaking in Parliament, Minister of Finance said the hike has prevented a fuel crisis that was to affect the country.
Gondwe said the hike is to help the supply of fuel to the country.

But lawmakers have faulted the development arguing that there is fuel stabilization fund that is meant to help cushion the price increases.

In a space of two months, fuel prices have gone up more than once a development that is likely to affect consumers.

Malawians are expected to pay more on goods and services as fuel determines prices for Malawi basket.

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2 Comments

  1. There is nothing like a shortage of fuel like Mr Gondwe said. These people have already calculated how much money they will make from such scam. Luckily no one can ask them or has powers to oppose. From the last price the fuel was supposed to go down with 6 % but them have raised it twice. Imagine how much they are going to steal from people and all that they will be building mansions and campaign to starve us more coming 2019.

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