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Another fuel hike tonight

November 14, 2018 1:51 PM
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Retail prices for all petrol grades will be increased by 33thebe per litre while the diesel increment will be 36thebe per litre. Retail prices for illuminating paraffin will be increased by 31thebe per litre.

Fuel prices were increased in May and are expected to continue under pressure as the National Petroleum Fund is depleted.

The Fund is supposed to act as a buffer for pump prices, but it has been eroded by rising oil prices, arrears to local oil companies and an ongoing money laundering case.


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