Malawi Energy Regulatory Authority (MERA) has announced the new price increase of fuel and electricity with immediate effect from 11 May 2012.
The price of diesel has been adjusted from K360.00 to K470.00 per litre while the price of petrol has been increased from K330.00 to K490.00 per litre. People in rural areas will need to pay K171.00 to buy a litre of paraffin.
According to MERA, the price of electricity has risen from K9.83 to K16.06 Kilowatt per hour.
Meanwhile, bus fares will go up by at least 30% from Saturday, 12 May 2012.
The new fuel prices have gone up following the announcement by the Reserve Bank that the Malawi Kwacha has been devalued by 49%.