BUSINESS BOTSWANA MEETS GOVERNMENT TO CONSIDER OPTIONS TO MITIGATE FUEL PRICE INCREASES
18 Mar, 2019
Business Botswana met the Deputy Permanent Secretary of Ministry of Minerals Resources Green Technology and Energy Security (MMGE) Mr N. Mmolawa to consider options to mitigate fuel price increases.
Proposals made to mitigate fuel price increases:
i) There should be a task team set up to monitor local fuel prices, to come up with initiatives to make fuel pricing process transparent to consumers and the industry. This will depoliticise the process of fuel adjustment.
ii) Government to benchmark with South Africa especially on issues of visibility and transparency on petroleum products pricing trends and adjustments. For instance, there is a press release every Tuesday in South Africa, indicating the drivers of fuel price movements, and this can assist businesses when planning and even informing the consumers. Botswana has to consider monthly/ regular price adjustments and published fuel prices on newspapers. Even though South African fuel prices are much higher than those of Botswana, there is less public outcry because there is transparency in their pricing system.