No fuel price hikes anytime soon
Thursday, October 06, 2016
Breather: Tautona addressing the media this week. PIC: KENNEDY RAMOKONE
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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...