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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
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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