Fuel prices: Pressure piles, as arrears to suppliers near P1bn

No Image

Government will either have to dig deep into its own pockets, or raise fuel prices significantly as arrears owed to fuel suppliers for the difference between pump prices and actual costs, near P1 billion.

BusinessWeek has established that cumulatively, the country’s oil companies have not been paid in more than nine months and have been forced to hunt for, often, expensive avenues to shore up their operating capital.

The National Petroleum Fund (NPF), which collects levies from motorists and is supposed to pay retailers, is reportedly on its knees; a situation industry analysts say has been worsened by the Fund’s highly publicised legal troubles.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

Have a Story? Send Us a tip
arrow up