Mmegi

BERA to revoke dormant petroleum import licences

Fuel trucks PIC: PHATSIMO KAPENG
Fuel trucks PIC: PHATSIMO KAPENG

The Botswana Energy Regulatory Authority (BERA) has announced plans to revoke all unused petroleum product import licences, a move aimed at tightening regulation of the industry and curbing potential market abuse.

According to BERA, the decision follows performance monitoring which revealed that only a limited number of licensed companies are actively importing petroleum products, despite the large number of licences issued since the authority commenced operations on September 1, 2017.

“The authority has also received disturbing allegations that these dormant licences may be misused in the market,” BERA said in a statement.

Editor's Comment
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

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