Economist hails government for maintaining fuel prices

One of the country’s economic analysts has commended government for maintaining fuel prices by saying the move is crucial in stabilizing the country’s economy.

Malawi Energy Regulatory Authority (MERA) maintained the standard prices of fuel during its latest price review.

Following this consumers will continue paying K824.70 per litre for petrol, K815.80 per litre for diesel and K648.70 per litre for paraffin.

The expert Happy Chirwa said the maintained prices will enhancing socio-economic development in the country.

“The government has done a commendable job by maintaining the prices of these commodities because it will give a chance to many people in the country to access various commodities at a good price,” he explained.

Chirwa said: “having standard prices for such commodities is a major key of attaining stable economy which is a crucial catalyst for the country’s development.”

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