{"id":17713,"date":"2022-03-08T20:59:27","date_gmt":"2022-03-08T20:59:27","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up"},"modified":"2022-03-08T21:11:05","modified_gmt":"2022-03-08T21:11:05","slug":"chakweras-doomed-canaan-fuel-prices-to-go-up","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up","title":{"rendered":"Chakwera\u2019s doomed Canaan: Fuel prices to go up"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>The Malawi Energy Regulatory Authority (MERA) has said pump prices will likely be increased once President Lazarus Chakwera institutes a new MERA board. MACRA\u2019s statement released on Monday, March 7, 2022, the increase is due to an increase in cost of transporting fuel to Malawi.<\/p>\n<p>The key determinants of the landed costs of petroleum products are the exchange rate of the Malawi Kwacha against the United States Dollar and the Free on Board prices of refined petroleum products on the international market.<\/p>\n<p>\u201cSince the establishment of the current maximum pump prices in October 2021, the landed costs of Petrol, Diesel and Paraffin have increased by 16.16%, 24.67%, and 24.71% respectively\u201d reads, MERA statement.<\/p>\n<p>Under the Automatic Fuel Pricing Mechanism, pump prices qualify for an adjustment when the landed costs of petroleum products move beyond the \u00b1 5% trigger limit.<\/p>\n<p>\u201cThe MERA Board, when instituted, will consider the changes in the landed costs and other economic factors to determine appropriate prices of the petroleum products,\u201d the authority has said in its statement.<\/p>\n<p>MERA spokesperson Fitina Khonje has told the local media that MERA will continue to hold the current prices due to the absence of the MERA board. The MERA has had no board for weeks after its board resigned over the controversial appointment Henry Kachaje as MERA chief executives officer. Below is current fuel prices on the pump:<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. The Malawi Energy Regulatory Authority (MERA) has said pump prices will likely be increased once President Lazarus Chakwera institutes a new MERA board. MACRA\u2019s statement released on Monday, March 7, 2022, the increase is due to an increase in cost of transporting fuel to Malawi. The key determinants of the landed costs [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,234],"class_list":["post-17713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chakwera\u2019s doomed Canaan: Fuel prices to go up - Malawi<\/title>\n<meta name=\"description\" content=\"The Malawi Energy Regulatory Authority (MERA) has said pump prices will likely be increased once President Lazarus Chakw ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chakwera\u2019s doomed Canaan: Fuel prices to go up\" \/>\n<meta property=\"og:description\" content=\"The Malawi Energy Regulatory Authority (MERA) has said pump prices will likely be increased once President Lazarus Chakw ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T20:59:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-08T21:11:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-6227c6534b0f9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chakwera\u2019s doomed Canaan: Fuel prices to go up\",\"datePublished\":\"2022-03-08T20:59:27+00:00\",\"dateModified\":\"2022-03-08T21:11:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-6227c6534b0f9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-canaan-fuel-prices-to-go-up\",\"name\":\"Chakwera\u2019s doomed Canaan: Fuel prices to go up - 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