NOCMA Admit Forex Shortages Limiting The Volume Of Petroleum Imports.

Malawians should brace for continued instability of fuel supply as importers admit that forex shortages are limiting the volume of petroleum imports.

This comes at a time authorities are assuring the public of availability of fuel days after many parts of the country experienced scarcity of the commodity.

At a press brifieing, National Oil Company of Malawi –NCOMA and Malawi Energy Regulatory Authority –MERA said enough fuel had been released from reserves to stabilize the situation.

However, Petrolleum Importers Limited –PIL has confided to Capital FM, pointing out that fuel importation is below capacity, at 85 percent because of forex shortages.

General Manager Martin Msimuko the problem is likely to stay due to delays in issuing the IMF’s Extended Credit Facility.

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