Inflation Ticks Up On Fuel Prices

The Ministry of Mineral Resources, Green Technology and Energy increased the retail pump prices of petrol and diesel by P0.65 and P0.73 per litre on October 15, being the second of the year after another increment in May.

On Tuesday, petrol and diesel prices went up by an average 35 thebe, a move expected to push inflation even higher. Oil companies have said petrol and diesel prices should ideally be about P1.85 higher than they currently are, on average. Statistics Botswana numbers indicate that nearly every commodity or service category making up the inflation category was on the rise in October, led by the transport sector under which fuel prices fall.