By Dorica Mtenje
LILONGWE-(MaraviPost)-The owners of fuel tankers operating within the country and have been in the business of hauling fuel for many years have condemned fuel monopoly that National oil Company limited is set to embarked on.
The Concerned fuel owners, Spokesperson Kumbukani Kalembwe told Maravi Post on Saturday, February 12, 2022 that National Oil Company of Malawi Limited (NOCMA) is monopolising in the importation of fuel into the country
NOCMA is said to be having a 90% share in buying the fuel, transporting it into the country and selling it through filling stations.
Kalembwe said fuel is being imported into the country by NOCMA and Fuel Importers Ltd (PIL) with each having a share of 50%.
Whereas PIL uses the Ex Tank incoterm in the importation of fuel which is authorised by the Regulations, NOCMA uses the delivered at a place unloaded (DPU) incoterm and or the delivered duty (DDU) incoterms which are not authorised by the Regulations.
He said PIL also uses local transporters whilst NOCMA prefers foreign transporters with the increase in the buying share to 90% by NOCMA will have adverse consequences on the nation as a whole.
Kalembwe said the killing of PIL as a business which will lead to job losses and loss of transportation to the transporters because PIL is the only fuel importer that uses local transporters.
“The sellers can put anything in the final figures for transportation, insurance and all incidental costs for delivering the fuel into the country which can also the cause the losing of foreign exchange on transport , insurance and other costs that would be paid in local currency thereby saving our country from externalising foreign currency which is much needed in Malawi,” said Kalembwe
He said the suppliers have a say on who is involved in handling the processes.
Kalembwe therefore said oil tankers have rejected the position proposed by NOCMA which will be beneficial to only a very few Malawians and very detrimental to the nation.