Pain at the pumps returns as fuel prices rise

Friday, September 15, 2023 | 530 Views |

Higher and higher: Fuel prices are facing north once again PIC: MORERI SEJAKGOMO

The Botswana Energy Regulatory Authority (BERA) this week put pain in motorists’ pockets with a sharp increase in retail pump prices, ranging up to P2.46, as the downtrend of lower fuel prices was suddenly broken.

BERA, which calculates fuel prices and recommends adjustments to the Ministry of Minerals and Energy, began a series of retail pump price cuts last year, stretching into this year, which helped ease inflation off the 14-year highs seen last August.

This year, BERA decreased pump prices twice by an average of P1.13 in January and 87 thebe in June, but also increased the prices twice by an average of 81 thebe in March and P1.77 on Wednesday.

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