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.
EU and Britain ramp up pressure on government to act as street demonstrators converge on Lilongwe Hundreds of rights campaigners Read more
Dust is refusing to settle for Anti-Corruption Bureau (ACB) Director Martha Chizuma as she has been taken to task to Read more
Minister of Foreign Affairs Nancy Tembo clarifies why the president is attending the meeting in America. She says the president Read more
New 31-member cabinet includes six figures who are related to each other, although not to the president. Malawians have voiced Read more
Businessman Zameer Karim is facing a charge of intent to defraud Ecobank over K850 million, which is connected to Police Read more
Mr Mustak Chotia, the mafia who masterminded the kidnapping of Shayona Cement Managing Director has implicated Mr Dipak Jevant, Managing Read more
Kadadzera: We are still investigating The issue of kidnapping and attempts on Indian community in Malawi with evil intentions is Read more
Mr Mustak Chotia, the mafia who masterminded the kidnapping of Shayona Cement official has implicated Mr Dipak Jevant, Managing Director Read more
The Anti Corruption Bureau ( ACB ) has arrested self styled Blantyre businessperson Lido Karim also known as Batatawala two Read more
