NOCMA reassures motorists amid fuel supply concerns
The recent fuel supply issues were highlighted by the Transporters Association of Malawi (TAMA), which attributed the shortages to payment delays by NOCMA and Petroleum Importers Limited to their suppliers. In a statement released on Wednesday morning, TAMA indicated that these financial setbacks had resulted in stock-outs of petroleum products, prompting panic among consumers and causing a surge in demand at local filling stations.
In response to these claims, NOCMA Communications Manager Raymond Thom Likambale sought to reassure the public. “There is no need for motorists to panic. We have sufficient stocks to meet the demand,” he stated firmly. Likambale emphasized that the issue is largely logistical, concerning the distribution of fuel to areas experiencing shortages.
“We are currently in the process of loading fuel at designated locations,” he added. “Motorists do not need to engage in panic-buying, as this can exacerbate the situation.”
To further alleviate concerns, NOCMA has announced that it expects an additional supply of 9 million litres of petrol and 3 million litres of diesel to arrive by early next week. This influx of fuel is anticipated to stabilize the market and reduce the likelihood of future shortages.
Recognizing the underlying issues affecting fuel supply, NOCMA is also exploring a financing mechanism designed to address foreign exchange challenges that have hampered the procurement of fuel imports. Likambale noted that a financing agreement is currently in place, aimed at ensuring a more consistent flow of fuel into the country.
“We are working diligently to create a sustainable solution that mitigates the risks associated with foreign exchange fluctuations,” he said.
Despite the assurances from NOCMA, the panic among consumers has led to long queues at petrol stations in various locations. Some motorists expressed frustration, citing previous experiences with fuel shortages and the tendency for prices to surge during periods of uncertainty.
“I’m worried that this could escalate again, especially with the holidays coming up. I just want to ensure I have enough fuel to get around,” said one motorist in Lilongwe.
As the situation develops, NOCMA remains committed to transparent communication and effective management of the fuel supply chain. The organization urges motorists to remain calm and avoid panic buying, assuring them that sufficient measures are being taken to ensure the availability of fuel across the nation.
With the anticipated fuel deliveries and the implementation of new financial mechanisms, there is hope for a return to stability in Malawi’s fuel market, allowing motorists to refuel without fear of shortages
