Consumers Association of Malawi (CAMA) has called on the government and Malawi Energy Regulatory Authority (MERA) to adjust upwards fuel prices, warning further delay will only hurt consumers.
According to CAMA Executive Director, John Kapito failure to adjust upwards, prices of fuel has resulted in depletion of the Price Stabilization Fund leading to huge losses by oil marketers.
Kapito is of the view that government and MERA are only reluctant to adjust the prices due to political and not economical reasons.
The director warns that the decision to delay price adjustment will have huge repercussions on both the economy and consumers.
Kapito suggests removal of levies on price build-up like MAREP would help to minimize the impact of new prices.
Meanwhile, the government was not available for immediate response.
However one of the county’s economic experts, Ben Kalua said the government should not be compelled to act on fuel prices until all factors have been put into place.