MERA assessed the combined effect of the movement of the FOB prices and
exchange rate of the Malawi Kwacha to the United States Dollar as well as
changes in local factors that determine the maximum pump prices.
It was noted that the landed costs of petrol, diesel and paraffin increased by 44.89%, 28.69% and 51.04%, respectively. Therefore, in line with the Automatic Pricing Mechanism (APM) all the three products qualified for an upward price adjustment since the changes in their landed costs were beyond the ±5% trigger limit.
However, the MERA Board resolved to maintain pump prices at the current
levels and that any anticipated importation loses by the fuel importers will be covered by the Price Stabilization Fund. Therefore, fuel pump prices remain as follows: Product Ruling Pump prices in
All operators are required to sell petroleum products at prices not exceeding
the above maximum pump prices.
Rt. Rev. Dr. J.P. Bvumbwe Dr. Collins Magalasi
BOARD CHAIRPERSON CHIEF EXECUTIVE OFFICER
9th JULY 2020 9th JULY 2020