Mmegi

Business Botswana engages govt on fuel prices

Going up: The Middle East conflict is piling pressure on retail pump prices
Going up: The Middle East conflict is piling pressure on retail pump prices

The country’s largest private sector lobby group, Business Botswana, is proposing a review of the exchange rate, temporary suspension of certain levies and subsidies as well as review of certain import restrictions, as possible solutions to the ongoing fuel price crisis.

The organisation’s comments come as it engages with government on the pressures around oil prices, as a result of the Middle East conflict. Business Botswana officials said the organisation had met with Trade and Entrepreneurship permanent secretary, Joel Ramaphoi, as part of interventions to reduce the impact of fuel price increases.

In a statement earlier today, Business Botswana head of policy and research, Mpaphi Tsholofelo, said the organisation had engaged government as many businesses were already facing cost pressures, particularly from high importation expenses from suppliers and manufacturers.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up