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.
In July 2018, the average FOB prices of petrol and paraffin marginally increased by 0.44% and 0.58% while FOB price for diesel declined by 0.58%.
The Malawi kwacha has remained stable trading at K733.95/USD since the last review.
The combined effects of the movement of the FOB prices and the exchange rate as well as changes of local factors that determine the maximum pump price led to increased costs of petrol, diesel and paraffin.
Learn more about the petroleum products international prices, the exchange rate movement and their influence on local pump prices in the month of August in the article below.