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Ministry of Minerals, Energy and Water Resources (MMEWR)
Increase in Retail Pump Prices of Petrol, Diesel and Illumin...
16/09/12
Increase in Retail Pump Prices of Petrol, Diesel and Illuminating Paraffin

Increase in Retail Pump Prices of Petrol, Diesel and Illuminating Paraffin

The Ministry of Minerals, Energy and Water Resources informs the general public and other consumers that the retail pump prices for petrol, diesel and illuminating paraffin will be increased with effect from 001hrs, Monday, 17 September 2012.

The price adjustment is as follows:

 -both unleaded and lead replacement petrol grades will increase by 50thebe per litre.

 -diesel will increase by 50thebe per litre

-illuminating paraffin will increase by 50thebe per litre.

 There has been an increase of the Road Fund levy by 10thebe per litre (an increase from 10thebe to 20thebe per litre)

 This follows the last adjustment (increase) effected on the 13th May 2012 where petrol, diesel and paraffin prices were each increased by 50thebe per litre.

 The increase is due to international crude oil prices between July and August 2012. Crude oil prices averages US$102.74 per barrel in July 2012. The non-upward adjustment of retail prices over the past months while international crude oil prices were increasing, has put the National Petroleum Fund(NPF) under pressure because of the accumulated debt to oil companies.

 The Government will continue to monitor the development of petroleum products prices in both regional and international markets. This will enable Government to take more appropriate and informed decisions to ensure optimal price control to both the general public and the fuel supply industry. 

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