High hopes for another fuel price slash

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Department of Energy Affairs officials will meet next week to review fuel prices amidst expectations of a cut. Oil prices in the international market have slumped by over 50 percent in the past six months, due to over supply from the Middle East producers, raising hopes of retail price cuts.

Neighbouring South Africa have effected a cumulative 30 percent price cut since the slump started, but in Botswana consumers have only enjoyed a six percent reduction effected in December last year.

Speaking to BusinessWeek, Department of Energy Affairs director, Kenneth Kerekang said they would make a decision on any adjustments when they meet next week. “We have only reduced prices in December but currently we are working on our price reviews. By next week we will inform the public on the changes that we are going to make,” he said.

Editor's Comment
FMD fight needs all of us

Botswana's cattle industry is one of the country's greatest assets. For many families, cattle are a source of income, food, pride, and culture. They pay school fees, build homes, and support livelihoods. Beyond the farm, the beef industry creates jobs and earns the country valuable foreign exchange through exports.That is why the construction of the new containment fence should not be viewed as just another government project. It is an...

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