Malawi: Tough times after Kwacha devaluation

The tough times for Malawians after the kwacha was devalued by 49 per cent on are finally here, reports Malawi Today. The announcement made on Friday of the rise in fuel prices is expected to trigger a reciprocal upward movement in the prices of other basic commodities. Petrol is now selling at K490 from K380, representing a 29 per cent increase. Diesel is selling at K475 from K360 representing a 31 per cent surge while paraffin has been pegged at K171 for domestic use and K388 for industrial use from K171, translating to 126 per cent increase.