Fuel prices up

The Malawi Energy Regulatory Authority (Mera), in line with the automatic pricing mechanism (APM) announced last night that with effect from today 10 August pump prices for fuel have gone up.

The pump price for petrol, diesel and paraffin is K485.60 from K441.10, K475 from K445 and K390 from K367 per litre respectively.

In the statement, Mera says it has come up with new prices after it considered recent trends in the world petroleum products prices and other macroeconomic fundamentals that include the exchange rate of the Kwacha against the Dollar.

Last month, the energy regulatory authority reduced fuel prices but many service providers did not adjust downwards their prices.

The new price adjustments will affect in one way or the other all the four pillars of Andiamo Youth Cooperative Trust (AYCT) namely culture and sport, education, health and sanitation, and social development as prices of commodities are likely to go up.

By Communications office

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