By Duncan Mlanjira
Malawi Energy Regulatory Authority (MERA) has increased pump and wholesale prices of petrol and diesel effective Saturday 9 November, 2019 but has maintained the price of paraffin as implemented on 12 January, 2019.
A statement from MERA says pump petrol price is now at K930.00 per litre, diesel at K924.00 per litre while paraffin remains at K710.50 per litre.
MERA says this decision comes up following its Board’s assessment of liquidity of the Price Stabilization Fund, movement of FOB prices on the international market and exchange rate movements.
“Please be reminded that it is a requirement that pump prices are clearly displayed on a visible signage within the business premises,” says the statement.