By Rahim Abdul
The National Oil Company of Malawi (NOCMA) has announced that the country’s new Government-to-Government (G2G) fuel procurement deal is saving Malawi approximately $100 per metric tonne compared to previous tender-based imports.
The deal with OQ Trading of Oman and the Abu Dhabi National Oil Company (Adnoc) has significantly reduced diesel and petrol premiums.
Under the new arrangement, diesel CIF premiums have dropped to $77.17 per metric tonne, and petrol premiums have decreased to $69.89 per metric tonne.
In contrast, the old system had premiums of $175.71 for diesel and $185.90 for petrol.
NOCMA spokesperson Raymond Likambale assured Malawians that the first vessels under the deal are expected to dock at Tanga in Tanzania and Beira in Mozambique this month, and fuel will be transported by road and rail into Malawi.
Inspections and discharge will proceed immediately, with upliftment to follow without delay.
The Consumers Association of Malawi has welcomed the development, urging NOCMA to maximize the gains from the G2G deal.
Executive Director John Kapito emphasized the importance of ensuring that the savings are passed on to consumers.
The new fuel deal is expected to have a positive impact on the country’s economy and consumers. With the reduced premiums, Malawi can expect to save significantly on fuel imports, which could lead to lower fuel prices and reduced costs for consumers.
The G2G deal is a strategic move by the Malawian government to secure more favorable terms for fuel imports.
