By Staff Reporter
The National Oil Company of Malawi( NOCMA) says so far, 224 out of the 300 fuel tankers have arrived in the country to stabilize fuel availability since the commodity began going scarce in the country.
The company’s Deputy Chief Executive Officer Hellen Buluma disclosed this on Satursay 24,2022 when NOCMA and Reserve Bank of Malawi officials appeared before the Joint Parliamentary Committee that was inquiring into the fuel situation issue.
Buluma further revealed that other 22 tankers are on their way to Malawi raising hopes the fuel scarcity situation may normalize.
On his side, the Reserve Bank Governor, Wilson Banda agreed that the bank has no enough forex but are trying to ensure that areas requiring the forex such as fuel and medicine are assisted accordingly.
He further faulted debt servicing as another area draining forex; saying Malawi has expensive debts which are serviced in dollars.
Co-Chairperson of the Joint Parliamentary Committee, Wellan Chilenga said they will meet the Ministry of Finance and the RBM officials to devise short-term solutions to the problem.
He further called on Malawians to stop blaming politics for the forex shortage; arguing the situation is because of the huge expensive debts which are costing the country more money in paying back in dollars.
For close to a month now, Malawians have been facing challenges in purchasing fuel, a situation that has seen some vendors taking advantage of the development to sell the scarce commodity at higher prices.
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