Wednesday, July 6, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Front Page

Kwacha fall forces fuel hike

by Rex Chikoko
08/11/2014
in Front Page, National News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Free fall of the country’s currency, kwacha, against United States dollar has forced Malawi Energy Regulatory Authority (Mera) to increase the pump price for fuel in the country.

Malawi kwacha is trading at K495 against a dollar, prompting an increase of the fuel prices by six percent.

In an announcement on Friday, Mera cited the movement of international oil prices, exchange rate of the kwacha to the dollar and other macro-economic fundamentals.

The price of petrol has jumped to K856.70 per litre from K786, diesel is now selling at K865.90 while paraffin is at K756.10.

“Malawi Energy Revenue Authority (Mera) has resolved that maximum pump price for petrol, diesel and paraffin be revised upwards effective November 8 2014,” reads the statement.

Executive director of the Consumers Association of Malawi (Cama) John Kapito expressed worry with the increase of prices of commodities “that has been silently going on in the country” following the weakening of the kwacha.

He said the increase of fuel prices will also prompt increase of prices for other items.

“What is more worrying is government’s failure to explain to Malawians why the kwacha is falling uncontrollably and what mitigation measures it is putting in place,” he said.

He said with the current prices going up, it would not be surprising to see people reacting, saying government needs to come out to explain what is going on.

Previous Post

Milandu ya ‘kashigeti’ yayamba kusongola

Next Post

Managing Flames through media

Related Posts

Feature of the Week

Water improves health care

July 6, 2022
Business

Mangochi residents welcome Goshen City investment

July 5, 2022
Front Page

Malawi ratifies anti-nuclear weapons treaty

July 5, 2022
Next Post

Managing Flames through media

Opinions and Columns

Columns

Chakwera’s lost years

July 6, 2022
My Turn

Early years education counts

July 6, 2022
My Turn

Child neglect and street robbery

July 4, 2022
Editor's Note

MPs’ houses to cost taxpayers K60bn

July 3, 2022

Malawi-Music.com Top10

Trending Stories

  • Press Corporation sold PTC in March this year

    PTC outlines future prospects, shuts shops

    0 shares
    Share 0 Tweet 0
  • Chakwera u-turns on powers

    0 shares
    Share 0 Tweet 0
  • Dubai firm cries foul

    0 shares
    Share 0 Tweet 0
  • APM, Ntaba risk Criminal charges

    0 shares
    Share 0 Tweet 0
  • Artists revel in presidential awards

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.