REVIEW OF THE RETAIL PRICE OF LPG FOR NOVEMBER 2023
The Malawi Energy Regulatory Authority (MERA) considered trends in petroleum products prices and changes in other macroeconomic fundamentals in the local market and their impact on the Liquefied Petroleum Gas (LPG) price.
The Free On Board price of LPG significantly increased by 39.79% when compared to the price noted in the month of August 2022 used in determining the ruling retail price. On the other hand, the Malawi Kwacha depreciated against the South African Rand (ZAR) in November 2023 by 41.20% since the last LPG price adjustment in November 2022.
Therefore, in line with the Automatic Pricing Mechanism, the retail price of LPG has been adjusted upwards effective 17 November 2023 as follows:
All operators are required to sell petroleum products at prices not exceeding the above maximum pump prices.
16 November 2023