Botswana Oil Warns of Unleaded Petrol 93 Shortage
Monday, July 29, 2024 | 940 Views |
Fuel. PIC MORERI SEJAKGOMO
This shortage is due to circumstances beyond their control.
Mpho Mokgosi, BOL's Senior Manager of Marketing and Communications, explained that within the Southern African Development Community (SADC) region, ULP93 is produced exclusively in South Africa at the NATREF refinery. BOL also sources petroleum products from Namibia and Mozambique, which only use ULP95, making it challenging for these suppliers to provide ULP93. Additionally, their storage facilities do not have provisions for ULP93.
“Every time you borrow money, you are robbing from your future self”-Nathan.W.MorrisBank of Botswana’s latest supervision report shows loans placed on a watch list for potential repayment problems rising to P5.5 billion. These loans have not necessarily defaulted, which means there is still an opportunity to address the weaknesses. Meanwhile, loans already in arrears have reached P5.2 billion. For households, this pressure can mean...