Gov�t slashes aviation fuel prices
Wednesday, July 12, 2017
According to the latest Government Gazette, the price of Jet A1 has been reduced to P7 in Gaborone from P9.20 while prices in Francistown and Maun have also been reduced by 20% to P7.37 per litre and P7. 76 respectively.
The government says the regulation of aviation fuel is part of efforts to lure more airlines to operate in Botswana where the price of fuel per litre is considered to be amongst the highest in the world due to low economies of scale and logistical challenges. International oil company, Puma Energy Botswana which is 20% owned by the Botswana Public Officers Pension Fund (BPOPF), is the only supplier of aviation fuel.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...