Fuel pump prices to remain stable

Friday, January 20, 2017

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Botswana- U.S health milestone celebrated

Johannes Kambai | 2d ago

Makgekgenene dismisses forced exit claims

Spira Tlhankane,Tsaone Basimanebotlhe | 2d ago

The night the dead tree sang again

Spira Tlhankane | 2d ago

GU reveal Tanzania ordeal: Coach punched, players attacked

Kabelo Boranabi | 2d ago

Botswana’s athletes enter the big-money era

Mqondisi Dube | 2d ago

Dinaledi chase World Cup qualification

Calistus Kolantsho | 2d ago

Gunners look to break hoodoo against Rollers

Boitumelo Khutsafalo | 2d ago

New Era bets on employability in new strategy

Larona Makhaiza | 17 Sep 2026

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.