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
Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

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