Fuel Price Up 40% In Malawi

In less than four months fuel Price in Malawi has been raised to unimaginable levels triggering panic across the country.

Malawi Energy Regulatory Authority (Mera) said the fixed pricing system of the previous government was “unsustainable” and had led to “significant” losses.

Mera said it was increasing diesel prices by 41.3% and petrol prices by 41.9%.

Mera defended it’s move saying it is now operating under an “automatic pricing mechanism”, where pricing of petroleum products changes in line with the expenses involved in shipping the fuel.

Mera’s acting CEO Dad Chinthambi said the hike in fuel prices was necessary “to ensure sustainable fuel supply, electricity services, and the proper remittance of levies to support road maintenance and rural electrification projects”.

The government is also trying to improve the government’s finances and negotiate a new package of help from the International Monetary Fund.