The Malawi Energy Regulatory Authority (Mera) says it has renewed all 21 fuel importation licences as it awaits a decision to be made on whether or not Malawi should adopt the Bulk Procurement System as a means of cutting costs when importing fuel.<\/p>\n
The new system will see government-owned National Oil Company of Ma l awi (Nocma ) becoming the sole importer of fuel for the country.<\/p>\n
Mera Chief Executive Office Ellias Hausi said in an interview government was still consulting stakeholders and that it was too early to pass a final verdict on the matter.<\/p>\n
\u201cWe have renewed all the 21 licences for all fuel importers until government directs what we should do next. Only after that will a decision be made weather t o withdraw or just freeze the licences,\u201d said Hausi.<\/p>\n
At the moment most fuel importation for the country is done by a private firm, Petroleum Importers Limited (PIL).<\/p>\n
\u201cWe would be open to any option, whether government would say it is Nocma, or PIL or a combination. Because it is possible for traders to combine, and buy one volume in a bulk and share when it comes to the country,\u201d he said.<\/p>\n
Meanwhile, the Parliamentary Committee on Natural Resources, Environment, Energy and Climate Change says it has concluded consulting concerned parties on the matter.<\/p>\n
Vice chairperson for the committee Alex Major said in an interview that the committee is now scheduled to review the situation in other neighbouring countries before making a recommendation.<\/p>\n
Earlier, government commissioned a task force comprising officials from Mera, Nocma , PIL and the Ministry of Energy to visit Zambia and Tanzania last year to monitor fuel importation trends.<\/p>\n
The taskforce recommended that Malawi needed to introduce a Bulk Procurement System as a means of cutting cost when importing fuel. Through the system, the country would be importing fuel in bulk which would give room to price negotiations for the commodity.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Malawi Energy Regulatory Authority (Mera) says it has renewed all 21 fuel importation licences as it awaits a decision to be made on whether or not Malawi should adopt the Bulk Procurement System as a means of cutting costs when importing fuel. The new system will see government-owned National Oil Company of Ma l […]<\/p>\n","protected":false},"author":3,"featured_media":7142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/7138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=7138"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/7138\/revisions"}],"predecessor-version":[{"id":7143,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/7138\/revisions\/7143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/7142"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=7138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=7138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=7138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}