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MERA hikes gas prices

The Malawi Energy Regulatory Authority –MERA has hiked the price of liquefied petroleum gas by 5.79 % effective tomorrow.

This means the gas price will be at K2,065.00 per kilogram from K1,952.00 per kilogram last month.

MERA disclosed this as it reviewed the petroleum products prices for April.

The prices for other products such as Petrol, Diesel, Paraffin and Jet fuel have however been maintained.

MERA’s Consumer Affairs and Public Relations Manager Fitina Khonje has attributed the hiking of gas price to depreciation of Malawi kwacha to South African Rand, as well as the rising landing cost of of the gas.

The upward adjustment comes at a time people are encouraged to use gas for cooking.

The development also comes just a month after the regulator announced a rise in electricity tariffs.

Khonje has added that an a 7% increase in Petrol’s 7% landing cost qualified for a possible price hike, but the authority decided to cushion it using the price stabilization fund.

 

This means Petrol price remains at K899.20, Diesel K898.00 and Paraffin at K719.60.

Jet fuel remains at K721.25 and K667.82 for Kamuzu International Airport and Chileka international airport respectively.

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