The National Oil Company of Malawi (NOCMA) has reassured the public that the country has adequate fuel reserves to meet national demand, dispelling concerns of an imminent fuel shortage. This comes amid reports of panic buying and fuel scarcity in various parts of the country in recent weeks.
Speaking in an interview, NOCMA Spokesperson Raymond Likambale confirmed that fuel suppliers are currently loading fuel at designated depots and that the situation is under control. Likambale also revealed that Malawi is expecting an additional stock of 9 million litres of petrol and 3 million litres of diesel by early next week, further boosting the country’s fuel reserves.
“We want to assure Malawians that there is no need for panic. Fuel supplies are being managed, and more stock is on the way. All suppliers are actively loading fuel, and we are monitoring the situation closely,” Likambale said.
In addition to ensuring supply continuity, NOCMA is working on a financing mechanism aimed at addressing the foreign exchange challenges that have contributed to delays in fuel imports. Likambale noted that a financing agreement is already in place, which should help stabilize the fuel supply chain in the coming weeks.
Recent fuel shortages led to long queues at filling stations, with some regions reporting temporary outages. However, NOCMA’s assurance and the incoming fuel shipments are expected to ease the situation and restore normalcy.
