Fuel prices: Pressure piles, as arrears to suppliers near P1bn

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Government will either have to dig deep into its own pockets, or raise fuel prices significantly as arrears owed to fuel suppliers for the difference between pump prices and actual costs, near P1 billion.

BusinessWeek has established that cumulatively, the country’s oil companies have not been paid in more than nine months and have been forced to hunt for, often, expensive avenues to shore up their operating capital.

The National Petroleum Fund (NPF), which collects levies from motorists and is supposed to pay retailers, is reportedly on its knees; a situation industry analysts say has been worsened by the Fund’s highly publicised legal troubles.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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