Thursday, June 20, 2024

Botswana deregulates aviation fuel prices

The Botswana Energy Regulatory Authority (BERA) has announced that the prices of aviation fuel, including Jet A1 and aviation gasoline, are no longer regulated as of June 4, 2024. This move marks the end of a regulatory era that began in October 2013.

BERA stated that the decision to deregulate comes after recognising that the regulation of aviation fuel prices is uncommon globally, including within the region. The fuel authority says the practice had led to significant challenges, notably the misalignment between Botswana’s product source prices and the available basic fuel pricing (BFP) rates. Accordingly, BERA says the regulatory framework resulted in delays in price adjustments in response to international market fluctuations, creating economic inefficiencies that negatively impacted both suppliers and the National Petroleum Fund.

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