Fuel prices shoot up again

In a statement released yesterday, the Permanent Secretary in the Ministry of Minerals, Energy and Water Resources Gabaake Gabaake said the price of both unleaded and lead petrol will increase by 48thebe while diesel will go up by a hefty 161thebe beginning 1am today.

The price of illuminating paraffin has been yanked by 155thebe per litre.  As though the price increases were not bad enough for consumers already reeling from the assault of unrelenting food price increases, Gabaake's statement also said from now on, fuel prices would be increased on a monthly basis in order to keep pace with trends on the international market. The price increase is caused by (a) continuing worldwide increase in crude oil prices which averaged about US$80(P516) per barrel in October 2007 and went up to US$103(P665) per barrel last month.