MASERU – Fuel prices are continuing to soar, on a third month since increases in September and October. The statement released by Petroleum Fund dictated that November 9, the pump price of diesel 500ppm has been increased by 25 Lisente per litre and diesel 50ppm has been increased by 30 Lisente per litre. The diesel now costs M14.90 and M15.20 respectively.
business
Nov. 16, 2018
2 min read
Fuel price continue to soar
The increase that comes two consecutive fuel price increase in September and October, has also seen the wholesale price of illuminating paraffin going up by 15 Lisente per litre and now costs M10.70 per litre. However it is not all sad news for everyone especially motorists as the petrol price has not been affected by the increase this month. Petrol 93 and 95 will remain at M13.95 per litre and M14.05 per litre respectively. The free-on-board prices for diesel and paraffin which have resulted in unit slate under-recoveries on the said products is reported to be the cause of the increase.
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In October the pump price of petrol 93 was increased by 75 Lisente per litre whereas petrol 95 was increased by 65 Lisente per litre. Diesel 500ppm and 50ppm was increased by 90 Lisente and M1.05 per litre each. The increase resulted in users having to pay M14.65 per litre for diesel 500ppm and M14.90 per litre for diesel 50ppm. On the same month paraffin went up by 85 Lisente and cost M10.55 per litre. The adjustments followed those made in September whereby pump price of petrol 93 went up by 65 Lisente and cost M13.20 per litre while petrol 95 went up by 70 Lisente and cost M13.40 per litre. Diesel 50ppm was increased by 80 Lisente and cost M14.00 per litre while diesel 500ppm by 65 Lisente and cost M13.60 per litre. The wholesale price for illuminating paraffin was increased by 45 Lisente per litre with wholesale price being M9.75 per litre.
Lena
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