The National Oil Company of Malawi (NOCMA) says the country has enough fuel.
The assurance to the nation comes following a sporadic panic-buying of fuel in some parts of the central region.
“Malawi has fuel both Petrol and Diesel and continues to receive fuel imports from both the port of Dar es Salaam and Beira, despite foreign exchange challenges which have affected the company’s importation capacity.
“NOCMA is aware that over the past forty-eight (48) hours the country has experienced sporadic location-based fuel shortages, especially in Lilongwe and parts of the central region which had led to panic-buying. This was mainly because of a surge in demand in Lilongwe and parts of the central region which undermined the weekend’s supply due to many events that were taking place in the city over the weekend,” reads the statement in part.
NOCMA assures Malawians that the sporadic fuel supply situation in Lilongwe and any other parts of the country are being corrected as the product is being released from the Strategic Fuel Reserves as well as from other importers to ensure sustainable availability of fuel at all service stations in Lilongwe and throughout the country.
It adds that the fuel supply situation in Lilongwe City and other cities across the country should normalise by the end of the day.
NOCMA says it continues to work with Government and other stakeholders to ensure that the country has adequate fuel despite the challenges posed by the trends in the global oil market, the Russia Ukraine war as well as the challenges with foreign exchange.
NOCMA therefore, assures the general public that the country will not stock out despite the sporadic location-based fuel shortages in Lilongwe and other areas and request the public to desist from panic buying.