Fueling Station in Phalombe Clings to Old Price

Two days after the Malawi Energy Regulatory Authority (MERA) announced a downward adjustment of the pump price of petrol, some motorists in Phalombe have expressed worry over some fueling stations for maintaining the old price.

One of the motorists, Leonard Mitathi told Zodiak Online on Friday that out of the three fueling stations operating in the district, only one is selling petrol at K1, 946 per litre despite the energy regulator reduced the price to K1, 746 per litre.

Mitathi said  it is pathetic to note that the commodity is being sold at a higher price despite the energy regulator reducing the pump price.

He said: "We are appealing to authorities to intervene on the matter so that we  can start buying petrol at a reduced price,"

However, when contacted, Proprietor for Chiringa Fueling Station, John Musate, justified that the station cannot sell the commodity at a reduced price since the commodity was bought at a higher price.

"If we sell the commodity at a reduced price, we will incur losses and we won't buy fuel again," said Musate.

Chief executive officer for Malawi Energy Regulatory Authority (MERA),Henry  Kachaje, spoke strongly against this during the media briefing in Blantyre on Thursday.

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