Fuel Price Hike To Nudge Inflation Up

Retail pump prices for petrol, diesel and illuminating paraffin were increased by 20 thebe per litre across board, effective November 1, 2017.

Investment analyst at Kgori Capital, Kwabena Antwi said the increase, which is approximately three percent, will have a negative effect on household consumption and slightly nudge inflation because consumers will have to pay more per litre for fuel. vHowever, he said if there are no more fuel price increments, then the increase will be in line with the general inflation in Botswana,” he said.