Tags: PIL

IMF cautions on new fuel import regime

  The International Monetary Fund (IMF) on Tuesday told government to tread carefully on the changes to the fuel import regime, demanding that the transition should be transparent among all relevant stakeholders in the oil industry value-chain. The bank cautioned that changes to the fuel import regime involving a greater role for the state owned…

Nocma stuck with 76m litres of fuel

National Oil Company of Malawi (Nocma) is stuck with about 76 million litres of fuel to be lifted in the country because the deal that the company had with Petroleum Importers Limited (PIL) expires this month. Nation on Sunday investigations show that Nocma in 2013 tendered and signed contracts with international oil suppliers to supply…

K65BN FUEL WAR

War for the control of Malawi’s K65 billion ($150 million) fuel market has ensued between two fuel companies—government-owned National Oil Company of Malawi (Nocma) and privately run Petroleum Importers of Malawi (PIL). Nation on Sunday investigations show that the cause of the fight between the two companies was Malawi Energy Regulatory Authority’s (Mera) decision to…