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Botswana Oil makes its weight felt

Tuesday, October 24, 2023 | 7730 Views |

To the brim: Botswana Oil is due to take control of the fuel market from next April

A fantastic success or a spectacular disaster, is what analysts expect of Botswana Oil’s planned takeover of nearly all of the country’s fuel imports from next April. As the industry ponders the shakeup, the wheels of change are spinning into motion, writes MBONGENI MGUNI

The policymakers behind the recent statutory notice giving Botswana Oil (BOL) the exclusive right to import 90% of the country’s fuel, were evidently not interested in half-measures, or half-stepping.

From April 1 next year under the 90% “import quota,” BOL will exclusively import nearly all of the 1.2 billion litres of fuel consumed in the country annually, and resell this to retailers such as Engen, Total, Puma, Caltex and the wholesalers.

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Botswana Oil makes its weight felt

A fantastic success or a spectacular disaster, is what analysts expect of Botswana Oil’s planned takeover of nearly all of the country’s fuel imports from next April. As the industry ponders the shakeup, the wheels of change are spinning into motion, writes MBONGENI MGUNI