Fuel prices shoot up by 50t

Local fuel prices yesterday shot up by 50-thebe. The increase affects petrol, diesel and paraffin.

The hike follows another increase in November last year that saw petrol prices jumping by 50t: diesel by 51t and paraffin by 40t. However, the Permanent Secretary in the Ministry of Minerals, Energy and Water Resources, Boikobo Paya, defended the increase in a statement on Saturday, saying the current margin of increase is far less than what the prices could have been adjusted or increased to, adding that the local pump prices for petrol, diesel and paraffin will continue to be below real pump prices by an estimated 44.41 thebe, 41.72 thebe and P1.83 per litre respectively after the latest increase. 

Paya also says a comparison of the Botswana product pump prices to the regional prices at Southern African Customs Union (SACU) level shows that Botswana prices continue to be the lowest in the region even after this adjustment. The Permanent Secretary says local petroleum product retail pump prices continued to under recover since last month, putting the National Petroleum Fund (NPF) under severe pressure as it has been necessary for the government to compensate the oil industry for some of the losses made during the period.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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