Malawi Energy Regulatory Authority (MERA) has announced the adjustment of fuel prices effective, 23 June, 2022.
In a briefing on Tuesday night, the MERA CEO, Henry Kachaje said that the newly introduced prices were expected following the increased landed costs which have surged up largely due to the recent 25% devaluation of kwacha.
Kachaje said landed costs for all petroleum have increased by 39.45% for petrol, 21.94% for diesel, 35.45% for paraffin and 25:69 for Liquefied petroleum gas (LPG).
Petrol is now selling at K1999 from K1380, Diesel now at K1920 from K 1470, paraffin is now at K1236 from K956 and LPG now at K2956 from K2500.
Meanwhile scores of people are flooding to different fuel pumps (filling stations) to enjoy the old prices before the new sharp prices start pickling tomorrow.
However some fuels pumps are closing saying they have run out of fuel.