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Business Botswana pushes 50% cut in fuel taxes

Friday, September 23, 2022 | 310 Views |

Fuelling frustration: High pump prices have raised the cost of living this year PIC: MORERI SEJAKGOMO

The country’s largest private sector lobby group, Business Botswana, is proposing that government cuts the various taxes on fuel by 50% for six months to ease the cost of living in the economy.

The proposals are contained in a lengthy submission to the Ministry of Finance, which this week kicked off consultations for the 2023–24 budget.

Business Botswana representative, Joseph Willie told a Budget Pitso held on Tuesday that the lobby group wants fuel excise and excise-equivalent customs duty rates for fuel to be halved from April to October 2023.

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