{"id":20503,"date":"2022-04-14T19:36:22","date_gmt":"2022-04-14T19:36:22","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers"},"modified":"2022-04-14T19:58:23","modified_gmt":"2022-04-14T19:58:23","slug":"mera-angers-fuel-retailers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers","title":{"rendered":"Mera angers fuel retailers"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price hike by the Malawi Energy Regulatory Authority (Mera).<\/p>\n

The filling station operators have, through the Petroleum Retailers Association, since threatened to take drastic action for being forced to continue bearing a heavy burden of business capitalisation with continued depreciation of returns.<\/p>\n

On Saturday midnight, Mera announced a 22 percent fuel price hike which saw the price of diesel jumping from K1,120 to K1,470. The hike also saw the price of petrol leaping from K1,150 to K1380 But Mera maintained a fixed retailer\u2019s margin of K78.44 per litre for both petrol and diesel.<\/p>\n

And, in a letter to Mera Chief Executive Officer Henry Kachaje dated April 11 2022, the fuel retailers say the hike has eroded their margins on petrol by 17.67 percent and on diesel by 25.15 percent.<\/p>\n

\u201cThis development is coming despite our long engagement with you on the need to revise the retailers\u2019 margins and your assurance that you would be addressing the matter.<\/p>\n

\u201cPlease be informed that our membership is at a loss and is failing to understand the rationale and reasons why the authority continues to ignore this matter and as a result they are now agitating for serious actions if this serious concern is not addressed as soon as possible,\u201d reads a letter signed by Petroleum Retailers Association Chairperson Happy Jere.<\/p>\n

According to Jere, the association told Mera, through a letter dated October 25 2021, that the retailing business continues to be affected through the continued trend of reducing retail margin percentages with every price adjustment.<\/p>\n

\u201cFor instance, as at May 2021, a 40,000 litres truckload of petrol cost K24,482,400 and the margin was K78.44 per litre giving a percentage margin of 12.81 percent. Today, the same truckload is costing K52,060,000 with the percent margin reduced to 6.02 percent. The same is true for diesel.<\/p>\n

\u201cOur members have received the price adjustment of 10 April 2022 with deep regret and feel let down. They would like Mera to quickly reconsider its decision and immediately adjust the margin to the previously requested 10 percent,\u201d the letter reads.<\/p>\n

In an interview on Tuesday, Mera spokesperson Fitina Khonje said her organisation had received the letter and would engage the retailers. She said Mera\u2019s work is about balancing the interests of both consumers and licencees.<\/p>\n

\u201cThe retail margin has been maintained. However, indeed, in percentage terms, the margin has declined.<\/p>\n

\u201cTheir request for a margin adjustment could be an indicator that the cost of doing business has increased. Mera will engage the retailers and map the way forward based on a model that was already agreed upon,\u201d Khonje said.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price hike by the Malawi Energy Regulatory Authority (Mera). The filling station operators have, through the Petroleum Retailers Association, since threatened to take drastic action for being forced to continue bearing a heavy burden of business […]<\/p>\n","protected":false},"author":84,"featured_media":20502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,4453,234,712],"class_list":["post-20503","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-fuel-prices","tag-malawi","tag-mera"],"yoast_head":"\nMera angers fuel retailers - Malawi<\/title>\n<meta name=\"description\" content=\"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...\" \/>\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\/mera-angers-fuel-retailers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mera angers fuel retailers\" \/>\n<meta property=\"og:description\" content=\"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\" \/>\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=\"2022-04-14T19:36:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-14T19:58:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1491\" \/>\n\t<meta property=\"og:image:height\" content=\"1068\" \/>\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=\"2 minutes\" \/>\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\/mera-angers-fuel-retailers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mera angers fuel retailers\",\"datePublished\":\"2022-04-14T19:36:22+00:00\",\"dateModified\":\"2022-04-14T19:58:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\"},\"wordCount\":452,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"fuel prices\",\"Malawi\",\"mera\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\",\"name\":\"Mera angers fuel retailers - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg\",\"datePublished\":\"2022-04-14T19:36:22+00:00\",\"dateModified\":\"2022-04-14T19:58:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg\",\"width\":1491,\"height\":1068,\"caption\":\"Mera angers fuel retailers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mera angers fuel retailers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mera angers fuel retailers - Malawi","description":"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers","og_locale":"en_US","og_type":"article","og_title":"Mera angers fuel retailers","og_description":"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-04-14T19:36:22+00:00","article_modified_time":"2022-04-14T19:58:23+00:00","og_image":[{"width":1491,"height":1068,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mera angers fuel retailers","datePublished":"2022-04-14T19:36:22+00:00","dateModified":"2022-04-14T19:58:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers"},"wordCount":452,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg","keywords":["Africa Press","Africa Press-Malawi","fuel prices","Malawi","mera"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers","name":"Mera angers fuel retailers - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg","datePublished":"2022-04-14T19:36:22+00:00","dateModified":"2022-04-14T19:58:23+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Filling station owners have expressed shock over the erosion of retailers\u2019 margins following last Saturday\u2019s fuel price ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/04\/img-62587cae6a221.jpg","width":1491,"height":1068,"caption":"Mera angers fuel retailers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/mera-angers-fuel-retailers#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"Mera angers fuel retailers"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/20503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=20503"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/20503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/20502"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=20503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=20503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=20503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}