Industry players push against Botswana Oil import quota
Friday, April 03, 2026 | 670 Views |
Tough times: The U.S and Israel conflict with Iran has raised oil prices by triple figures PIC.PIXELS.COM
Late last year, multinational oil companies reportedly submitted their views on the review of Botswana Oil’s mandate to import 90 percent of the country’s fuel. Insiders involved in the process say the multinationals, who lost their mandates to Botswana Oil in 2024, have strongly pushed for a reduction of the 90%, a position only hardened by the outbreak of the Middle East crisis.
Engen Botswana, the only listed oil company, this week announced a 55 percent drop in pretax profits which directors said was linked to the “commencement of the petroleum products importation quota”.
The Member of Parliament is warning that patients suffering from chronic conditions continue to face potentially life-threatening interruptions to their treatment because of unreliable access to medicines.Amid the shortages, many Batswana have been left with no choice but to look for other treatment alternatives such as herbs, with many not having had been scientifically tested for effectiveness.Medications for hypertension, diabetes, heart...