The Malawi Energy Regulatory Authority (MERA) has raised fuel prices effective today.
Addressing the media in Lilongwe yesterday, MERA Spokesperson Fitina Khonje said petrol has been increased from K690. 50 to K834. 60 representing 20.87 percent, diesel has been increased from K664. 80 to K826. 40 representing 24.31 percent and paraffin from K441. 70 to K613. 20 representing 38.83 percent.
The increase has been attributed to the increase in fuel landing costs and the depreciation of the Kwacha by 3.37 percent since May this year.
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