Fuel prices: Pressure piles, as arrears to suppliers near P1bn

BusinessWeek has established that cumulatively, the country’s oil companies have not been paid in more than nine months and have been forced to hunt for, often, expensive avenues to shore up their operating capital.

The National Petroleum Fund (NPF), which collects levies from motorists and is supposed to pay retailers, is reportedly on its knees; a situation industry analysts say has been worsened by the Fund’s highly publicised legal troubles.