New fuel tax introduced

Toll order: Consumers should brace themselves for a possible hike in fuel prices PIC: MORERI SEJAKGOMO
Toll order: Consumers should brace themselves for a possible hike in fuel prices PIC: MORERI SEJAKGOMO

Government has introduced a new 17.5 thebe per litre tax of fuel aimed at raising funds for Botswana Oil to build storage infrastructure and buy petroleum products stock.

Minerals Resources, Green Technology and Energy Security minister, Sadique Kebonang said Cabinet has approved the fuel levy, which will kick in on July 1, 2017.  The new tax will be in addition to the current fuel levy of 13.5 thebe per litre. Botswana consumes about 1.2 billion litres of petroleum products per annum.

  This means the new tax could raise as much as P200 million per annum. Botswana Oil chief executive officer, Willie Mokgatlhe told BusinessWeek that the new tax might not immediately lead to an increase in fuel pump prices as the National Petroleum Fund (NPF) might be able to cushion the effect of the tax in the short term.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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