Written by CHADUWA DHUMAKUDE
MZUZU--Minibus Owners Association of Malawi (MOAM) Tuesday responded to the last week's fuel hike by adjusting minibus fares in the country.
MOAM general secretary Coxley Kamange disclosed yesterday that the fares will go up by 10 percent for those operating within the cities of Blantyre, Zomba, Lilongwe and Mzuzu and five percent for those operating long distances.
An increase in oil price at the international market leads to an automatic increase in commodity prices as businesses adjust their prices as well. The Malawi government no longer subsidises fuel.
Last week, the Malawi energy regulatory authority (Mera) announced the new prices. Petrol is now selling at K539 from K485; diesel is at K521.90 from K475 while paraffin – commonly consumed by the rural poor – is going at K434.30.
©2012 The Maravi Post. Reproduction without acknowledgment prohibited.