Malawi Energy Regulatory Authority (MERA) considered recent trends in the world petroleum products prices and changes in other macroeconomic fundamentals in the local market and their impact on energy prices.
The average Free On Board (FOB) prices for Liquified Petroleum Gas (LPG) increased in the month of July 2018 when compared to the price observed in the month of June 2018 which formed the basis of the current retail price if LPG.
Since the last price revision in July 2018, the Malawi kwacha has slightly depreciated against the South African rand.
The combined effects of the movement of the FOB prices and exchange rate led to an increased retail price of LPG by 44.63%.
Learn more about the liquified petroleum gas (LPG) international prices, the exchange rate movement and the resulting increase of the retail price in the month of August in the article below.