Botswana fuel hikes again as global prices bite – Journal du Cameroun

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Published on
15.11.2018 at 17h21
by
APA News

In less than a month, Botswana’s Energy ministry on Thursday announced that the retail pump prices for petrol, diesel and illuminating paraffin will be adjusted on Thursday 15 November 2018.According to a statement from the ministry, retail prices for petrol grades will increase by 3.3 cents per litre, while retail prices for all diesel grades will go up by 3.6 per litre.

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Retail prices for illuminating paraffin will increase by 3.1 cents per litre.

The statement states that the increase in retail was necessitated by the growing pump prices since September 2017.

It further states that the actual cost of importing petroleum products into Botswana has been higher than the regulated price, hence there is need to align the local retail pump prices with international trends.

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The volatility of the crude oil price is mainly influenced by five key sectors being; changes in the global supply and demand of oil; crude oil production levels and refining capacities.

Retail pump prices of petroleum products were last increased on 15 October 2018.

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