Mmegi

High pressure mounts on fuel prices

Under pressure: Fuel prices are expected to rise in the very near future PIC: KENNEDY RAMOKONE
Under pressure: Fuel prices are expected to rise in the very near future PIC: KENNEDY RAMOKONE

The Middle East crisis is piling pressure on local retail pump prices, with industry insiders estimating that petrol is presently about P3 and P4 below breakeven and diesel as much as P5 below par, even before the month ends.

The Botswana Energy Regulatory Authority (BERA) maintains a slate, which is a formula calculating the costs involved in supplying and distributing various forms of fuel within the country. Every month, BERA looks at the movements of the various factors in the slate to gauge whether pump prices are “under-recovering” or “over-recovering”.

Both terms refer to whether pump prices are above or below the costs involved in bringing and distributing the fuel throughout the country, which determines whether pump prices increase or decrease.

Editor's Comment
Exercise extra caution!

Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....

Have a Story? Send Us a tip
arrow up