MERA maintains pump fuel prices: Gas down by 3.03%

LILONGWE-(MaraviPost)-The Malawi Energy Regulatory Authority (MERA) on Saturday, May 7, 2022 maintained fuel prices.

But the authority has reduced the price of gas by 3.03 percent to MK2,560 per kilogramme.

MERA says that the combined effects of the movement of the Free on Board prices, the exchange rate of the kwacha against the dollar and changes in local factors reflected, on the landing cost, a 0.58 percent increase in petrol price, 7 percent increase on diesel price and 1.03 percent for kerosene.

According to the Automatic Fuel Price Mechanism, Diesel qualifies for an increase in retail price.

But the authority’s Board Chairperson Reckford Kampanje says. “Noting the marginal movements in oil prices on the world market and that Price Stabilisation Fund collections in the month would ably cover any cost differences, Mera has resolved to maintain fuel pump prices until the next review”.

Energy Prices as of 08/05/2022