Fuel pump prices to remain stable

Government has enough cash reserves to cushion international oil prices increases
Government has enough cash reserves to cushion international oil prices increases

The Department of Energy says despite the recent rise in international oil prices it has sufficient funds in its coffers to continue cushioning the effects of the fluctuating commodity.

In an interview with BusinessWeek, director of energy, Kenneth Kerekang said at the moment the department relies on the National Petroleum Fund (NPF), which he stated has adequate funds to provide the ‘exquisite’ cushion to the prices.

The National Petroleum Fund is used by government to pay petroleum retailers the difference between the administered and prevailing fuel prices.

Editor's Comment
Bulela Ditswe entry fee could hamper broke talent

The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...

Have a Story? Send Us a tip
arrow up