Oil price hikes to stem inflation slump
source: Mmegi
STAFF WRITER
The continued downward trend in the annual inflation rate could be temporarily halted by the renewed firming of international oil prices, analysts have said.
A report from Motswedi Securities says that although inflation has eased off since late last year, the downward trend might be slowed as a result of resurging oil prices on the international market as well as the potential increase of administered prices, such as electricity tariffs. Crude oil prices on the international market have risen from $32 per barrel in December 2008 to around 71. The prices are threatening to rise further.
“Already here in Botswana, petrol prices have been reviewed by 56 thebe and 55 thebe for diesel in response to the rise in global oil prices. South Africa has also reviewed its pump prices for petrol by around R0.17 per litre. Alistair Darling, UK finance minister, has even warned that [continue reading]
-
Mma Ramotswe Blog- Mma Ramotswe movie buttresses South African dominance
- MmaRamotswe finally airs
- `The No. 1 Ladies` Detective Agency` Puts Spotlight on Botswana
- Mmaramotswe Airs On M-Net Today
- McCall Smith heroine writes cookbook
- It's a Boy for Jill Scott!
- Agency` In best drama series at the Emmys
- Mma Ramotswe markets Botswana in the US
- No.1 Ladies` Detective Agency kicks off with 5.2m viewers
- Back to Botswana on BBC1 this Sunday
- selected Press Preleases
- STATE OF THE NATION ADDRESS BY HIS EXCELLENCY Lt. GEN. SERETSE KHAMA IAN KHAMA
- H.E. the President, Lt. Gen. Seretse Khama Ian Khama, President of the Republic of Botswana on the Occasion of the Annual Diplomatic Reception
- H.E. the President, Lt. Gen. Seretse Khama Ian Khama at the Botswana Democratic Party Leadership Forum/Pitso, Gaborone
- H.H, Lt. Gen. Mompati S. Merafhe, Mp, Vice President of the Republic of Botswana at a Fundraising Dinner for Mochudi Resource Centre for the Blind
- The Minister of Defence Justice and Security Hon.D.N.Seretse at the Farewell Party of three Senior Staff
- The Director General Directorate of Intelligence and Security during the Security Association of Botswana Annual General Meeting, Oasis Motel
- Response to the Report in Mmegi of Friday 06 August on rumoured Replacement of the Attorney General
- Botswana retains eighth place position in Mining Survey
- President's Housing Appeal for the Needy
- Yusuf Dada, Group MD of Motor Centre Botswana on the Occasion of the Commissioning and Hand Over of the Boswelakoko Clinic by the A.S.Dada Foundation
Palapye meets Google Maps
- BBC Africa News
- Deadly blasts rock Nigerian city
- Somalia strike 'kills militants'
- Ivory Coast rivals hail ICC move
- Ghana 'used witchcraft against each other'
- 'First' Cameroon lesbian charges
- Mali fighting 'displaces 130,000'
- Nigerian school targeted in fire
- Italy chided over Africa migrants
- Tanzanians riot over 'witchcraft'
- Protection vital for Med wetlands
-
-
Leave a Comment