Delays in adjusting fuel prices since May 2022 and increase in landed cost justifies MERA to increase fuel price
* Petrol goes up from K3,499 to K4,965 (41.90%) and diesel from K3,500 to K4,965 (41.29%) * In the last three years, the Automatic pricing Mechanism was abandoned in favour of a fixed pricing regime that proved to be commercially unsustainable * Artificially low fuel prices created arbitrage opportunities for fuel smuggling, causing the loss of scarce foreign exchange and depletion of the country’s strategic fuel reserves By Patience Longwe, MANA Malawi Energy Regulatory (MERA) says the fuel hike…









