• November 29, 2022 5:57 pm

UNGA trip starts bearing fruits as Chakwera reduces fuel pump price

Sep 15, 2022

Barely a day after Malawi Leader President Dr Lazarus Chakwera arrived in United States, fruits of his journey have already been seen.

Chakwera on Monday September 12, 2022 left the country for New York, United States of America where he will attend the 77th United Nations General Assembly (UNGA).

Prior to the New York trip, the Malawi leader made a stopover in Nairobi Kenya for the inauguration of William Ruto.

President Chakwera is scheduled to address the UNGA on 22 September, 2022.

The Malawi leader is also expected to hold a number of side meetings with world leaders and heads of various international institutions.

The President and the First Lady Madame Monica Chakwera left the country through the Kamuzu International Airport in Lilongwe seen off by Vice President  Dr. Saulos  Chilima, cabinet ministers and other government officials.

However in his quest to ensure a reduction in the cost of living among Malawians, President Chakwera on Wednesday slashed down the price of Petrol by K200 effective Thursday, 15th September, 2022.

The development means Petrol will now be selling at K 1,746.00 from K1,946.00 representing  10.28 percent.

The prices of diesel and paraffin remain constant.

A statement from Malawi Energy Regulatory Authority (MERA) attributed the adjustment to  the recent stability of Malawi Kwacha.

MERA explained that the recent trends in the world petroleum products prices and their impact on energy prices is another factor that has led to the decision to cut fuel price.

“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 relatively stable trading at K1,036.25 against the United States Dollar,” reads part of the statement signed by Board Chairperson Reckford Kampanje.

MERA has urged all operators to sell petroleum products at prices not exceeding the approved maximum pump prices.

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