Fuel pump prices to remain stable

Government has enough cash reserves to cushion international oil prices increases
Government has enough cash reserves to cushion international oil prices increases

The Department of Energy says despite the recent rise in international oil prices it has sufficient funds in its coffers to continue cushioning the effects of the fluctuating commodity.

In an interview with BusinessWeek, director of energy, Kenneth Kerekang said at the moment the department relies on the National Petroleum Fund (NPF), which he stated has adequate funds to provide the ‘exquisite’ cushion to the prices.

The National Petroleum Fund is used by government to pay petroleum retailers the difference between the administered and prevailing fuel prices.

Editor's Comment
Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

Have a Story? Send Us a tip
arrow up