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The Malawi Energy Regulatory Authority (MERA) has once again hike fuel prices piling more pressure on Malawians especially consumers and motorists across the country.
This has been disclosed in a press statement released on Wednesday signed by MERA Reverend Joseph Bvumbwe made available to faceofmalawi.
According to Bvumbwe, the fuel hike is as a result of the depreciation of the Malawian Kwacha against major currencies and trends in the petroleum market.
Petrol is now selling at K990.30 from K932.50 per litre while diesel is now selling at K990.40 per litre from K935.60.
Paraffin is now selling at K785.00 from K755.30.
The hike in fuel will also affect the prices of commodities on the market and this will have a huge bearing on Malawians.
This year alone fuel has been hiked for three times.
