00:00Malawians are set to face even greater economic challenges, after the country's energy regulator
00:12hiked the price of both petrol and diesel for the second time in four months.
00:18The fuel price adjustment, which is over 40%, has already come into effect, as the government
00:24aims to prevent fuel shortages and preserve foreign currency reserves.
00:29The move has led to an increase in the cost of goods and services, and small-scale businesses
00:35as well as artisans are beginning to feel the pressure.
00:40We used to buy two liters of petrol at 7,000 kwacha for my compressor, but the price has
00:46gone up to 10,000 kwacha now, which is a very big percentage.
00:51Besides petrol, I have to buy other items to use, and prices for such items have also gone
00:57up.
00:58And the number of clients per day has gone down, which means my profit has also been affected.
01:06With the cost of petrol now just $2.90 per liter and diesel just below that, motorists can expect
01:13higher fuel bills to be added to their monthly spend.
01:18By increasing the price of fuel, public transport costs are also set to go up, and traders within
01:24the informal economy will have to bear the costs.
01:27The increase in fuel price has not affected me only, but many people.
01:34I run a small business and depend on public transport, and bus fares have gone up.
01:39Commodity prices in shops have also been raised, all because of the newer fuel prices.
01:44For now, consumers will have to adapt to the rising costs of living associated with the
01:50fuel price adjustment, and brace for tougher times ahead.
01:54The price adjustment is a number of ones, and the trucks are up to the買い物.
01:55The market, which is the price adjustment, and is pan-label, and the for sale,
01:56which market is a medium, that is gross.
01:57It has been successfully washed by the MainWant, and the for sale.
01:58It has been a direct win which for sale.
01:59By itself, the money is in the market.
02:00The market is the price adjustment for sale, which provides a half a $8,000 per hour or $8,000 per
02:03$300,000 per hour.
02:04The market is the price adjustment for sale.
02:05The market is in the price adjustment to the price adjustment for sale.
02:06If you are eligible by buying the market, do not pay the prices trouble for some
02:06prices.
02:07It has a payment for sale, which means the price adjustment costs are paid by the price adjustment
02:08for sale.
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