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FUEL: The Vexing – and Recurring – Question of Security of Supply

The fuel industry has been experiencing serious challenges of security of supply that Botswana Oil Limited says are due to “global supply interruptions caused by various factors around the world”

mm by Keabetswe Newel
September 28, 2023
in News
Reading Time: 1 min read
0
Fuelnomics behind the transport fares furore

GABORONE 1 March 2021, A fuel filling station attendant pumping fuel in a car on 1 March 2021. According to the Botswana Energy Regulatory Authority (BERA) retail pump prices increase from today as Unleaded petrol 93 price increases by 58 thebe per litre, while unleaded petrol 95 increases 57 thebe per litter and diesel 52 thebe per litre. (Pic: MONIRUL BHUIYAN/PRESS PHOTO)

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An investigation by The Business Weekly & Review has established that over the past few weeks, fuel (petroleum) companies have been battling a shortage of fuel.

Botswana Oil Limited (BOL), the stated-owned fuel company, has confirmed this. But because of limited storage capacity and alternative importation routes, Botswana Oil struggled to fulfil its mandate, which is to ensure the security of fuel supply.

BOL functions under defined governance and operating principles to inform and guide its operations. It is mandated to ensure the security and efficiency of supply and distribution of petroleum products in Botswana, manage and maintain government owned strategic storage facilities and strategic stocks, as well as to ensure meaningful participation of citizen-owned oil companies

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Tags: Botswana Oil Limited

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