PIL was formed in 1999 and started importation in 2000. PIL was formed under recommendation from the World Bank and IMF when a vacuum was created after the government importing body, PCC stopped importation. PIL was importing 100% of the fuel requirement for the Malawian market until other importers arrived on the scene. PIL is currently supplying 50% of its customers requirement. The other 50% is supplied by NOCMA, a government company which started importing petroleum products in 2012.