Strategic fuel reserves crucial for economic development – APM

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President Professor Arthur Peter Mutharika has described the commissioning of the strategic fuel reserves as a great milestone towards giving the country more strategic control over fuel.

Professor Arthur Peter Mutharika, Malawi President Professor Arthur Peter Mutharika, Malawi President

President Mutharika was speaking during the commissioning of the National Strategic Fuel Reserves at Kanengo in Lilongwe. The Malawi leader said the reserves will enable the country to have fuel cover for two months saying this will enable Malawi to avert a repeat of the 2010 fuel shortage.


Professor Mutharika further said without fuel, the economy cannot grow hence the need for government to have control over fuel.


 "The strategic fuel reserves we have seen today tell us that government must think of more strategic control over fuel. It (fuel) is the life blood of the country. Our goal is that we must keep fuel in this country to avoid what happened in 2010," said President Mutharika.


President Mutharika then condemned the careless construction of filling stations in undesignated places saying this poses danger to people. On this point the Malawi leader urged city and district authorities to regulate the construction of filling stations.


President Mutharika said the economy is growing as evidenced by the number of vehicles on the country’s roads and other economic activities in the country. He therefore said the fuel reserves are a treasure for this country and need to be taken care of.

Meanwhile, one of the country’s renowned economists Patrick Achitabwino has applauded the Democratic Progressive Party-DPP led government for constructing strategic fuel reserves in all regions of the country. Speaking to MBC Achitabwino said strategic fuel reserves will go a long way in developing the economy of the country.

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