Another fuel hike tonight

Staff Writer | Wednesday November 14, 2018 15:51

 

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

- Diesel 50PPM - P9, 48

- 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.