Liquid Fuels and Gas (Production and Supply) (Strategic Fuel Reserve Storage) Regulations, 2018

These Regulations require the Minister to appoint an Agent, to establish and manage the strategic fuel reserve storage. These Regulations apply to the following liquid fuels and gas: (a) gasoline (petrol); (b) automotive gasoil (diesel); (c) illuminating kerosene; and (d) any other liquid fuel or gas product as may be determined, from time to time, by the Minister by notice published in the Gazelle. The Agent shall be responsible for the installation, control, management, monitoring and supervision of the smooth operations of the strategic fuel reserve storage facilities and ensure compliance with these Regulations. The strategic fuel reserve storage referred to in this Regulation may be located under or above ground, depending on the requirements of the location.
The objectives of the strategic fuel reserve storage shall be to (a) make provision for reserves of liquid fuels products in physical stock in selected locations in Malawi; (b) ensure continuity of supply of liquid fuels and gas, at all times, in normal conditions and in case of national or international liquid fuels and gas supply chain disruption or shortage of liquid fuels and gas products; (c) respond to incidents such as natural disasters or other interruptions of the liquid fuels and gas distribution in the country· (d) stabilize domestic prices of liquid fuels and gas; and (e) maintain quality and value of stock.