Thursday, March 28
Shadow

Fuel Hike a Blow To Malawians – CDEDI

Human rights advocate Centre for Democracy and Economic Development Initiatives, has said the recent fuel hike will further negatively affect people’s livelihood in the country.

In a statement signed by Sylvester Namiwa, Executive Director for CDEDI, the fuel increase has come at a time Malawians are already feeling the pinch of the 25 percent devaluation of the Malawi Kwacha.

The rights advocate has since described the hike as insensitive.

“CDEDI’s immediate reaction is that the fuel price hike is unacceptable, insensitive,” reads part of the statement.

On Wednesday, night, the country’s energy regulator- Mera announced of an increase in fuel prices effective Thursday, June 23rd, 2022.

According to Henry Kachaje, Chief Executive Officer for Mera, Petrol prices have been increased from K1380 to K1,999 representing 44.92%.

Diesel Prices have been moved up from K1470 to K1920 representing 30.61% While paraffin from K956 to K1236 representing 29.29%.

The regulator has indicated that the development is due to the devaluation of Kwacha, exchange rate and landing costs of the energy products.

Related Posts

DPP Blues Rebels Brings Division In

DPP Blues Rebels Brings Division In

The way Charles Mchacha is castigating the Leader of Opposition in Parliament, Hon Kondwani Nankhumwa, is just testimony enough that Read more

Malawi Freedom Network advice President Banda to fight corruption

If you thought Malawians are lazy people, I bet you a Dinosaur, think twice and you will know, check in Read more

Malawi Government Faulted Over Arrests of Coup Suspects

The recent arrest in Malawi of three opposition politicians accused of planning to unseat President Peter Mutharika is dissent from Read more

Allegations of a coup plot sour diplomatic ties

The US embassy has denied involvement in an alleged plot to overthrow the president, Peter Mutharika. Analysis Media reports that Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

President Lazarus Chakwera has officially opened the Blantyre International Cancer Centre, The private health facility, has been constructed by the Thomson and Barbara Mpinganjira Foundation