An analysis of recent fuel price adjustments across Southern Africa reveals that Malawi has experienced the most severe price shock in the region when measured in United States (US) dollars, as the US-Iran conflict continues to strangle global supply chains.
We have established that while neighbouring economies have raised prices simultaneously due to the closure of the Strait of Hormuz—a critical waterway handling 20 percent of the world’s traded oil—the magnitude of Malawi’s increase is nearly $1 per litre.
This surpasses the adjustments seen in South Africa, Tanzania and Zambia.
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