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Nocma guarantees consistent fuel supply

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National Oil Company of Malawi (Nocma) says it is importing a combined 60 million litres of petrol and diesel for the month of May, which is sufficient for the market.

This came out on Tuesday during a familiarisation tour by Minister of Energy Ibrahim Matola at Nocma’s Matindi oil strategic reserves.

Matola said he was impressed by strategies employed by Nocma to ensure seamless supply of fuel in the country.

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“We anticipated that the world would be scrambling for diesel and, indeed, this is happening. But we have enough and we continue to import the commodities, thanks to Nocma, who are on top of the situation. As such, people should not panic.

“We are undertaking reforms that will see Nocma increasing its storage capacity, which means we will be able to keep enough fuel that we can use in a long time and, therefore, ensure stability in the economy,” Matola said.

Nocma acting Chief Executive Officer Hellen Buluma said the firm has increased their fuel imports following a reduced importation quota given to Petroleum Importers Limited.

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“We did not have any stock-outs in the past month. That should give Malawians assurance that we have enough stock and we have the situation under control,” Buluma said.

Last month, there was intermittent fuel supply in several parts of the country, especially in the major cities.

Currently, petrol is selling at K1,380 per litre while diesel is at K1,470 a litre.

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