By Chisomo Phiri
The Chairperson for the Parliamentary Committee on Natural Resources Werani Chilenga has advised the Malawi Energy Regulatory Authority (MERA) to implement a fair and transparent adjustment of fuel prices, prioritizing cost recovery over profit maximization.
In the House on Wednesday,Chilenga emphasized the need to consider the public’s hardships amidst recent challenges, including economic difficulties and climate-related disasters.
Currently, fuel pump prices in Malawi are lower than the importation costs in neighboring countries, forcing suppliers to rely on levies for working capital.
From January to June 2024, withheld levies totaled K74.5 billion, compared to just K14.4 million in remittances.
 to implement a fair and transparent adjustment of…){kind=link}