News Karnataka
Thursday, September 29 2022
Africa

Gaborone: Botswana gets first fuel price fall in 2022

Botswana gets first fuel price fall in 2022
Photo Credit : IANS

Gaborone: Botswana witnessed its first-ever drop in fuel prices in 2022, said the country’s energy authorities.

According to a press release from Botswana Energy Regulatory Authority, pump prices for petrol, diesel and illuminating paraffin will decrease by 1 pula ($0.076), 0.23 pula and 0.08 pula per liter, respectively, Xinhua news agency reported.

The authority said the decrease was necessitated by the fall in oil prices over the past two months. Brent Crude averaged $97.74 per barrel in August compared to an average of $105.12 a barrel in July.

The energy authority said the fall in fuel prices was influenced mainly by fears of a possible global recession, which could weaken the global demand for oil.

Four straight increases in fuel prices in the Southern African country since December 2021 have primarily contributed to rising inflation, which reached a 13-year high of 14.30 per cent in July.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp