source: Sunday Standard
by Sunday Standard Reporter
02.12.2007 8:51:58 P
Batswana will face a black Christmas as government recoiled to the high international crude oil price by hiking the fuel- pump prices on Friday.
Fuel prices have being hovering near the US $ 100 mark – about P 600—per barrel in the international markets for some time prompting Bank of Botswana and economic analysts to warn against the possible fuel price increase.
Although the central bank left the interest rates on hold at its last month’s Monetary Policy committee, it warned against a possible rise in fuel pump prices which would impact on inflation going forward. Inflation has been moving in zigzag bands over the last three months and by end of October it sprung up from 6.8 percent to 7.3 percent.
On Friday night, the Ministry of Minerals, Energy and Water Affairs warned consumers that the retail pump price will go up immediately after [continue reading]
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