No fuel price hikes anytime soon

Thursday, October 06, 2016

Breather: Tautona addressing the media this week. PIC: KENNEDY RAMOKONE

Despite the recent recovery in international crude oil prices, the Department of Energy Affairs says it will not make adjustments to local retail pump prices for petrol anytime soon.

Briefing journalists on Tuesday, the principal energy officer, Merapelo Tautona said any impact emanating from the rise in international crude oil prices will not be felt locally as it will be cushioned by the National Petroleum Fund (NPF).

The NPF is used by government to pay petroleum retailers the difference between the administered and prevailin0g fuel prices.

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