MERA Maintains Petrol Price
Malawi Energy Regulatory Authority (MERA) has maintained the price of Petrol of 899.20 kwacha per litre although the product had qualified for an upward adjustment in the month of April this year.
MERA’ Consumer Affairs and Public Relations Manager Fitina Khonje has told journalists today Thursday in Blantyre, that the organization will use the Price Stabilization Fund to cushion the consumers, probably because Malawians have been showing discontent with the recent fuel adjustments.
Currently, Diesel and Paraffin remain at the same prices but Liquidified Petroleum Gas, LPG have been hiked from 1, 952 to 2,065 kwacha per kilogram.
“Let me say that Petrol and Liquified Petroleum Gas qualified for an upward adjustment in the month of April this year following review of energy prices. MERA will cushion the consumers through the price stabilization fund, said Khonje.
Khonje added that the authority has since eased licensing conditions for Liquified petroleum Gas companies and individuals to enable many Malawians to use gas for cooking and heating.
“As the country is promoting energy diversification, we want those with capacity to sell LPG to come forward,” said she.
Mera' decision to maintain the fuel prices come when there have been public concerns that the recent frequent fuel upward adjustments had negatively been affecting economic activities.