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PIL Brings In 446 000 Litres Of Petrol, Decries Forex Woes

By The Radar, BLANTYRE

Authorities are working tooth and nail to arrest the fuel shortage in the country as Petroleum Importers Limited-PIL has confirmed bringing in 446 thousand liters of petrol by rail from Nacala.

PIL General Manager, Martin Msimuko further discloses they expect another 255 thousand liters within the week.

“We are also loading diesel by rail 700,000litres from the same port of Nacala .

“We are also in the process of loading close to 3 million litres of petrol to come by trucks from the ports of Beira and Dar es Salaam,” says Msimuko on their official Facebook page.

But he admits that forex still remains a major setback in bringing adequate fuel supplies in the country.

He adds: “We are engaged with our banks to support us with the same so that we can have adequate supplies in the country.”

In August this year, PIL unveiled plans to sign an agreement with a supplier to be paid in the local currency for fuel imports but kept a tight lid on the company name.

It said the agreement woulf see 35 million litres of fuel purchased.

Pledged Msimuko: “We are currently talking of 20 million litres of petrol and 15 million litres of diesel. This is once-off for now and if successful we will repeat.”

According to Reserve Bank of Malawi, the country requires $3 billion annually to meet import requirements, but only produces about $1 billion.

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