Malawi Energy Regulatory Authority MERA has maintained the pump price of Petrol which qualified for an upward adjustment in the month of April.
Fitina Khonje, MERA Consumer Affairs and Public Relations Manager, disclosed this in Blantyre when she briefed journalists the results of the monthly review of electricity and energy prices in the country.
“Exchange rate and Free On Board prices are the factors which affect prices of petroleum products in the country.
On average, Petrol FOB and exchange rate resulted in 10 percent increase in the month of March, beyond the 5 percent bar in the month of March,” said Khonje.
Khonje adds thatv MERA has used Price Stabilisation Fund to cushion the pressure and maintain the price of Petrol.
She said :”Within the month, both diesel and paraffin experienced an increase of 2 percent, and this has prompted MERA to maintain the prices.”
The Energy Regulator has announced a 5.79 percent adjustment of liquefied gas which during the month of March hit a 12 percent increase.
MERA has also maintained prices of jet fuel.
Tuesday of the second week of each month, the board of MERA meets to review electricity tariffs and fuel prices in the country.
Fuel prices were last adjusted in March this year.