Tags: Mera

Mera explains fuel distribution margin change

Malawi Energy and Regulatory Authority (Mera) says the decision to remove the distribution margin from oil marketing companies (OMC) will benefit the rural population which has been denied access to petroleum products for a long time. Recently, President Peter Mutharika approved implementation of various reforms within the liquid fuels and gas sub-sector which, among others,…

Mera warns fuel companies

the Malawi Energy Regulatory Authority (Mera) on Thursday warned oil marketing companies (OMCs) against contravening the newly gazetted Franchising and Dealership By-Laws of May 2015. Among others, Mera says the by-laws only allow fuel companies to operate just two retail outlets and franchise the rest to Malawians.   Mera has also said the new laws,…

Nocma stuck with 76m litres of fuel

National Oil Company of Malawi (Nocma) is stuck with about 76 million litres of fuel to be lifted in the country because the deal that the company had with Petroleum Importers Limited (PIL) expires this month. Nation on Sunday investigations show that Nocma in 2013 tendered and signed contracts with international oil suppliers to supply…

K65BN FUEL WAR

War for the control of Malawi’s K65 billion ($150 million) fuel market has ensued between two fuel companies—government-owned National Oil Company of Malawi (Nocma) and privately run Petroleum Importers of Malawi (PIL). Nation on Sunday investigations show that the cause of the fight between the two companies was Malawi Energy Regulatory Authority’s (Mera) decision to…

Malawi’s fuel price world’s highest

Malawi’s pump prices for petrol and diesel are one of the highest in the world, according to latest data from GlobalPetrolPrices.com, a situation that increases living and operating business costs. The data, which Business Review has seen, show that as of January 26 2014, the retail prices of diesel in Malawi was $1.56 (K745), while petrol was…

MCA-M urges absorption of $350.7m MCC compact grant

The Malawi Government’s capacity to absorb foreign aid and grants is appallingly low, according to chairperson of board of trustees of Millennium Challenge Account-Malawi (MCA-M) Simon Itaye. He has since pleaded that this should not happen with the $350.7 million (about K177 billion) five-year compact from Millennium Challenge Corporation (MCC), an independent US Government foreign…

Mera bosses in dubious deal

Cut corners to buy unbudgeted for equipment   Energy sector regulator Malawi Energy Regulatory Authority (Mera) is in a tangled web again following a flawed multimillion kwacha procurement transaction involving some senior managers, The Nation can reveal. Mera purchased an interactive display system (IDS) and overhead projector amounting to K7 968 600 (US$15 594) without…

Diesel, petrol prices down 5%

For the first time since February this year, the Malawi Energy Regulatory Authority (Mera) on Tuesday announced an adjustment to fuel prices, reducing the pump prices for diesel and petrol by an average five percent effective on Thursday. In a statement, the energy sector regulator said the pump price for diesel has been reduced by…

Government hires new MRA bosses

Barely weeks after President Peter Mutharika vowed never to fire public officers due to change of government, Malawi Revenue Authority (MRA) commissioner-general John Biziwick has been replaced, according to inside sources at Capital Hill and the revenue authority. Biziwick, who was hired by the administration of former president Joyce Banda in 2012, has reportedly been…

Fuel, utility pricesthreaten inflation fall

Utility tariffs and fuel prices which have been maintained at higher prices regardless of kwacha appreciation against background of the automatic pricing mechanisms (APM) will likely threaten the fall of inflation, according to an investment advisory firm. In its monthly economic report for May 2014, Nico Asset Managers Limited said although the inflation rate continues…

Malawi fuel storage capacity improves

Malawi’s fuel storage capacity has improved from about ten days cover to about 15 days cover, a latest survey conducted by the Malawi Energy Regulatory Authority (Mera) has showed. Mera director of Economic Regulation Eunice Potani made the revelation in Lilongwe during the official presentation of results of a detailed baseline energy demand survey which…

Price clouds new power deal

Pricing issues have clouded negotiations on the power purchase agreement (PPA) between Escom and Intra Energy Corporation (IEC) on the production of 120 megawatts (MW) coal-fired power under Project Pamodzi in Chipoka, Salima, sources have told Weekend Nation. Weekend Nation sources say Escom is considering buying the power from the Australia Securities Exchange (ASX)-listed IEC…