LILONGWE-(MaraviPost)-The country’s leading gas products supplier 265 Energy Limited has lauded President Lazarus Chakwera’s Tonse Alliance government for not hiking Liquefied Petroleum Gas (LPG) products prices amid 44% Malawi Kwacha devaluation.
265 Energy Public Relations Officer Philip White told The Maravi Post on Saturday, November 11, 2023, that the development is a positive step towards promoting the usage of LPG as a cleaner and more sustainable energy source.
White added that cooking gas is known for its various advantages, such as lower carbon emissions, efficient combustion, and reduced indoor air pollution.
“By keeping the price stable, the government is encouraging consumers to adopt LPG for cooking and heating purposes, which can have several environmental and health benefits,” said White.
“By keeping the price stable, the government is making LPG more accessible and affordable, thus incentivizing its use among the population,” lauds White.
Furthermore, 265 Energy Limited is promoting the use of LPG which has the potential for broader impacts, such as reducing deforestation caused by the use of firewood or charcoal for cooking.
Last week 265 introduced several LPG accessories on the Malawi market.
LPG is one of the cooking energy sources greatly contributing to mitigating climate change by reducing greenhouse gas emissions.
Following 44% of the Malawi Kwacha devaluation, President Chakwera’s Tonse Alliance government has no clue how to contain basic needs prices that fuel and electricity tariffs are up.
On Thursday night, November 9, 2023, the Malawi Energy Regulatory Authority (MERA) hiked fuel prices and electricity tariffs by more than 44 percent
MERA board chairperson Reckford Kampanje signed the statement that the price of Petrol has been raised from MK1,746 to K2530 per litre while Diesel which was at K1920 is now at MK2734 per litre.
The price of paraffin has also been increased from K1261 to K1910 per litre.
MERA has also increased average electricity tariffs from MK123.26 per kilowatt-hour (kWh) to MK173.70/kWh effective 10 November 2023.