In a statement, Mera board chairperson Bishop Joseph Bvumbwe said the average free on board (FOB) prices of petrol, diesel and paraffin decreased in July 2017 when compared to the averages obtained in the month of October, 2016 used in determining the ruling pump prices.

“Mera assessed the combined effect of the movement of the FOB prices and exchange rate of the Malawi Kwacha to the US dollar as well as changes in local factors that determine the maximum pump prices and noted that the landed cost of petrol, diesel and paraffin increased by 1.91 percent, 5.84 percent and 4.82 percent, respectively,” said Bvumbwe in the statement.

The regulator has also maintained electricity tariff at K57.72/kWh and Jet A-1 fuel prices at K737.67 and K687.08 at Kamuzu International Airport and Chileka International Airport, respectively.

However, Mera has reduced liquefied petroleum gas (LPG) by 4.71 percentage points from K2 178.70 to K2 076.02 effective Saturday, August 5 2017.