Cama advises govt to adjust trigger point

Consumers Association of Malawi (Cama) has advised government to adjust fuel price trigger point from five percent to 10 percent to avoid confusing consumers.

Cama was reacting to fuel adjustment the Malawi Energy Regulator Authority (Mera) effected on Thursday only to be reversed later.

Mera raised the price of diesel by 6.3 percent from K521 to K554 per litre and petrol from K539 to K570 per litre, representing a 5.79 percent rise.

Industrial paraffin went up by 8.20 percent from K469.90 to K434.30 while domestic paraffin remained intact.

However, by 10 AM on Thursday government had stopped the implemenation of the new Mera prices and ordered that service stations continue selling the commodity at the old price.

While admitting that the price changes are inevitable, Kapito urged government to adjust the trigger point from five percent to 10 percent to avoid monthly fuel price changes.

Market analyst Chikavu James Nyirenda asked the private sector to be responsible by not adjusting prices of goods and services anyhow.