Friday, October 7News That Matters
Shadow

Fuel Hike a Blow To Malawians – CDEDI

Share the story

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 News
EU RESPONDS TO IMMEDIATE NEEDS IN AREAS AFFECTED BY CYCLONES IN MALAWI

In order to respond to the immediate needs in areas that experienced heavy rainfall and strong winds that resulted in Read more

World Consumers Rights Day: CAMA for tangible digital financial platform

. The country is to join the rest of the world in celebrating World Consumer Rights day which falls on Read more

Truck drivers’ strike resumes March 21

```RESOLUTE—Ayuba James (centre) and PDU members Professional Drivers Union (PDU) has announced the resumption of a nationwide strike from March Read more

Chakwera delegate Muluzi to represent Malawi at the burial of Rupiah Banda

Former President Bakili Muluzi has described as an honor a decision by President Lazarus Chakwera to delegate him to represent Read more

Matola To Name And Shame DPP Gurus Siphoned Fuel At Escom

Minister of Energy Ibrahim Matola insists he will name and shame DPP gurus who were siphoning fuel at ESCOM. According Read more

Govt Is Slow On Israel Embassy

Despite stating its intention to open a diplomatic mission in Israel, government has not appointed diplomats for the mission. The Read more

Cooking Oil Companies To Reduce Prices

Players in the cooking oil industry have expressed commitment to reduce prices of the commodity effective 1st April this year. Read more

Malawi Legislators Slums Judiciary For Interference.

Members of Parliament (MPs) have raised concerned over judicial interference on the house’s decisions and deliberations. Government Chief whip of Read more

Abida Mia says flood victims need more support

Written by MFN Reporter Continued support for flood victims will greatly assist those affected during their time of need towards Read more

MINISTER MEETS SRWB OVER THE MANGOCHI WATER EXTENSION PROJECT INJUNCTION

The Minister of Water and Sanitation, Abida Sidik Mia, held a meeting with the SRWB on the 18th of March, Read more


Share the story

Leave a Reply

Your email address will not be published.