Government, through the ministry of Mineral Resources Green Technology and Energy Security in collaboration with the Botswana Energy Regulatory Authority (BERA) this afternoon announced another fuel increment that will be effected from midnight November 15, 2018.
Press release from the ministry says, Retail prices for all petrol grades will be increased by 33thebe per litre while the diesel increment will be 36thebe per litre. Retail prices for illuminating paraffin will be increased by 31thebe per litre.
Retail prices for Gaborone will be:
- Petrol 93 - P9, 40
- Petrol 95 - P9, 52
- Diesel 500PPM - P9, 43
- Paraffin - P8, 15
Fuel prices were increased last month and are expected to continue under pressure as the National Petroleum Fund is depleted.
The Fund is supposed to act as a buffer for pump prices, but it has been eroded by rising oil prices, arrears to local oil companies and an ongoing money laundering case.