Sunday, February 5Malawi's top news source
Shadow

Tag: Henry Kachaje

Parliament Meets Petroleum Stakeholders Over Fuel Crisis

Parliament Meets Petroleum Stakeholders Over Fuel Crisis

What's Hot
A Joint Parliamentary Committee is meeting officials from the Malawi Energy Regulatory Authority (MERA), National Oil Company of Malawi (NOCMA) and other stakeholders from the energy sector to discuss how the country can come out of the current fuel crisis. Led by the Ministry of Energy, the discussions at Parliament are also being attended by MERA Chief Executive Officer, Henry Kachaje, and NOCMA acting Chief Executive Officer, Hellen Buluma. The meeting comes on the heels of weeks of fuel scarcity in the country's major cities that has affected many businesses and disrupted public transport services. The committee wants the stakeholders to update the joint committee on what they are doing to make sure the problem of fuel scarcity normalises. The Joint Committee comprises com...
MERA Reduces Price Of Petrol

MERA Reduces Price Of Petrol

National
Malawi Energy Regulatory Authority(MERA) has reduced the pump price of petrol by 10.28 percent. MERA says the recent trends in theworld petroleum products prices and their impact on energy prices has led to the decision to cut fuel price. The energy regulator also attributes the reduction to the recent stability of Malawi. Kwacha. "Since the last In Bond Landed Cost (IBLC) review in July 2022 for petrol and June 2022 for Diesel and Paraffin, the Malawi Kwacha has remained relativelystable trading at K1,036.25 against the United States Dollar," reads the statement in part. The new pump prices are as below: Petrol will be selling at K 1,746.00 from K1,946.00 representing 10.28 percent. The prices of diesel and paraffin remain constant.
MERA Should Provide Daily List Of Service Stations That Have Fuel

MERA Should Provide Daily List Of Service Stations That Have Fuel

What's Hot
A consumer rights group is pushing the Malawi Energy Regulatory Authority-MERA to provide a daily list of service stations that have fuel. There is fuel scarcity in the country, as importers fail to procure the required quantities due to the forex crisis. This has led to many fuel service stations having no diesel or petrol, across the country, forcing motorists to spend hours on snaking queues day and night. At the same time, MERA has issued a directive that anyone wishing to purchase fuel in containers should first get its approval. This is aimed to check illegal sale of fuel, as some buy the commodity to sell on the black market. Executive Director of the Consumers Association of Malawi-CAMA John Kapito hopes the move will ease congestion in service stations. There wa...
MERA CAUTIONS ON ILLEGAL FUEL VENDING AND HOARDING

MERA CAUTIONS ON ILLEGAL FUEL VENDING AND HOARDING

What's Hot
The Malawi Energy Regulatory Authority (MERA) says it has noted with concern increased illegal fuel vending and alleged fuel service stations’ aiding in this malpractice. According to a statement from MERA Public Relations Officer, Chembezi Mhone, retail fuel service stations are being reminded that their licensing conditions do not permit hoarding of petroleum products, showing undue preference to, or discriminating against any person with regard to the provision of petroleum products or services. The statement further says MERA alongside other agencies which are mandated to enforce the law remains vigilant to protect consumers against such practices hence MERA will intensify spot checks and ensure offenders are held accountable and regulatory sanctions will be applied
Fuel Price Up, Petrol K1,999 Litres

Fuel Price Up, Petrol K1,999 Litres

National
The energy regulator, MERA, has adjusted fuel prices begining midnight following a review of determinants by the Board. The new prices are as follows: Petrol: K1 999 from 1380 (44.92%)Diesel: K1920 from K1470 (30.61%)Paraffin: K1236 from K956 ((29.29%)LPG: K2 956 from K2500 The MERA CEO, Henry Kachaje says landed costs for all petrolium products have increased by 39.45 for petrol, 21.94 percent for diesel, 13.45 for paraffin and 25.69 for LPG. He further said the Price Stabilization Fund could not cushion the price increases as there are no savings. The newly announced prices were expected following the increased landed costs which have surged up largely due to the devaluation of Kwacha by 25 percent.
Dust Failing To Settle At MERA

Dust Failing To Settle At MERA

Stories
Members of staff of the Malawi Energy Regulatory Authority (MERA) have threatened to commence an industrial action and bar one of their executives, Alinafe Mkavea who is the Director of Fuels from coming to work if the purported renewal of her contract is successful. The employees, who claim Mkavea has a series of offences against the institution, say their Chief Executive Officer, Henry Kachaje is working behind the scenes to renew her contract against a presidential direction on the 31st of May 2022 that no government officers' contract is supposed to be renewed unless vetting processes have been done. They further say the case is more worrisomeas Kachaje himself is holding on to a position that he got dubiously as was exposed in the leaked Ombudsman's report which faulted his irr...
MERA Maintain Fuel Prices

MERA Maintain Fuel Prices

Stories
Stakeholders in the economy are divided on the decision by Malawi Energy Regulatory Authority (Mera) to maintain fuel prices despite its assessment pointing to an increase in diesel prices. A press statement issued by the authority says it maintained fuel prices but reduced the price of gas by 3.03 per cent from K2,640 to K2,560 per kilogramme. It says the combined effects of the movement of the Free on Board prices, the exchange rate of kwacha against dollar and changes in local factors reflected, on the landed cost, a 0.58 per cent increase in petrol price, seven per cent increase on diesel price and 1.03 per cent for kerosene. According to Automatic Fuel Price Mechanism, diesel qualifies for an increase in retail price. But the authority’s Board Chairperson Reckford Kampan...