US dollar strength threatens pump price recovery

Unsteady times: The recent reduction in global crude prices 
could be undone by the stronger US dollar PIC: MORERI SEJAKGOMO
Unsteady times: The recent reduction in global crude prices could be undone by the stronger US dollar PIC: MORERI SEJAKGOMO

The United States dollar’s record strength against the pula this month, is threatening to undo the improvement in local retail pump prices, which were recently decreased due to lower costs of global crude oil.

On Wednesday the dollar, the currency in which global oil is transacted, reached P13.42 according to the Bank of Botswana website, possibly an all-time high according to available records.

The peak came after weeks of strengthening during which the US dollar has frequently traded above P13 to the pula.

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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