{"id":23010,"date":"2023-03-02T08:47:44","date_gmt":"2023-03-02T08:47:44","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising"},"modified":"2023-03-02T09:14:25","modified_gmt":"2023-03-02T09:14:25","slug":"the-cost-of-mobility-keeps-rising","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising","title":{"rendered":"The cost of mobility keeps rising"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Financial analysts prediction for a lower inflation rate appears like \u201ccandle light in the wind\u201d as prices of pump fuel prices shot up just within a week.<\/b><\/p>\n

Last week, inflation backed down from 12.4 percent to 9.3 percent- a move that was praised to the financial markets. But on Wednesday, the fuel prices played a joy-joy gyminastics by surging up- a move that will drive more people into slacks with not pockets.<\/p>\n

In a stamen released by Botswana Energy Regulatory Authority (BERA) pump prices for unleaded petrol 93 jerked by 95 thebe per litre while unleaded petrol 95 rose up by 95 thebe.\\<\/p>\n

Diesel 50ppm has come up to 56 thebe per litre and paraffin\u2014the mostly use commodity by the masses and down-trodden was lifted by 72 thebe per litre.<\/p>\n

Industry sources said this was basically a market correction following key players in the industry for their premature move to ask for fuel prices reduction early this year.<\/p>\n

\u201cThis move is aimed at safeguarding government from exposure from international petroleum companies. Government buy from international companies at international prices and the current move was to establish parity,\u201d a source said on Wednesday.<\/p>\n

\u201cPetrol will recover by 28 thebe per litre while diesel will per at 60n thebe per litre,\u201d sources said.<\/p>\n

Petrol prices were at P17 per litre before they were brought down to the current levels of P 14 per litre.<\/p>\n

One of the issues cited is the ongoing geo-politics between Russia and Ukraine which are contributing to the instability in the supply chain price market. OPEC, which is the largest producing block of petroleum, is another factor. However, the outlook is that the prices will eventually come down.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Financial analysts prediction for a lower inflation rate appears like \u201ccandle light in the wind\u201d as prices of pump fuel prices shot up just within a week. Last week, inflation backed down from 12.4 percent to 9.3 percent- a move that was praised to the financial markets. But on Wednesday, the fuel […]<\/p>\n","protected":false},"author":84,"featured_media":23009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-23010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nThe cost of mobility keeps rising - Botswana<\/title>\n<meta name=\"description\" content=\"Financial analysts prediction for a lower inflation rate appears like \u201ccandle light in the wind\u201d as prices of pump fu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The cost of mobility keeps rising\" \/>\n<meta property=\"og:description\" content=\"Financial analysts prediction for a lower inflation rate appears like \u201ccandle light in the wind\u201d as prices of pump fu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T08:47:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T09:14:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/03\/postQueueImg_1677735098.40.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1620\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"The cost of mobility keeps rising\",\"datePublished\":\"2023-03-02T08:47:44+00:00\",\"dateModified\":\"2023-03-02T09:14:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/03\/postQueueImg_1677735098.40.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/the-cost-of-mobility-keeps-rising\",\"name\":\"The cost of mobility keeps rising - 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