By Chisomo Phiri
Minister of Energy Ibrahim Matola says the amendments to the fuel bill will help alleviate the fuel scarcity in the country.
The bill was passed on Tuesday.
Speaking in Parliament, Matola explained:”The bulk system aims to eliminate middlemen.
“We will interface directly with refineries in Saudi Arabia, Oman, and Bahrain.
“With this new system, fuel prices will decrease.”
The minister emphasized that Petroleum Importers Limited (PIL) will remain involved, as the law requires 40% of Malawi’s fuel imports to come through the company.
The amended fuel bill introduces a government-to-government Fuel Supply Arrangement, a new system for importing diesel and petrol.
Malawi has faced fuel scarcity for over two months, impacting the country’s economic growth.
