By Chisomo Phiri
Following the 44% Kwacha devaluation announced by Reserve Bank of Malawi(RBM),the Malawi Energy Regulatory Authority (MERA) has to day announced the adjustment of fuel prices with petrol selling at K2,530 from K1, 746 representing 44.9%
In a statement, MERA Board Chairperson Reckford Kampanje adds that the new fuel prices are as a result of trends in the world petroleum products prices.
With the new prices, Diesel is now at K,2734/ Litre, up from K1,930 (42.4% increase) while Paraffin is at K1,910 from K1,261 (up by 51.47%).
The adjusted prices are effective today, November 10,2023.