10 Dec 2017

Botswana Energy Regulatory Authority (BERA) has announced a rise in retail pump prices for petrol, diesel and illuminating paraffin with effect from 00:01 hours midnight.

A press release from BERA says retail pump prices for all petrol grades (unleaded petrol 93 and 95) will be increased by 30 thebe per litre, retail pump prices for all diesel grades (diesel 500ppm and 50ppm) be increased by 30 thebe per litre and retail pump price for illuminating paraffin be increased by 30 thebe per litre.It says the increase is as a result of the rise in international crude oil prices and refined product prices.

The release says the increasing average crude oil prices have largely been influenced by the Organisation of Petroleum Exporting Countries (OPEC) to restrict the supply of oil into international markets thereby triggering demand to be higher than supplies.

It further states that the authority will continue to closely monitor the development of petroleum products prices in both regional and international markets to ensure optimal price control to both the general public and the fuel supply industry.

Further, it says the public is encouraged to continue practising fuel conservation measures, to save fuel and reduce the effects of high fuel costs and environmental impacts. ENDS