Fuel Price Adjustments - Thursday, March 07, 2019

Maseru - The Petroleum Fund Secretariat wishes to inform the public that the prices of petroleum products will be increased effective from Friday, March 8, 2019. The pump prices of both grades of petrol (petrol93 and petrol95) will be increased by eighty (80) lisente per litre and the pump prices of both grades of diesel (diesel500 and diesel50) will also be increased by eighty (80) lisente per litre while the wholesale price of illuminating paraffin will be increased by sixty-five (65) lisente per litre. 

The new Retail Prices for all the districts of Lesotho shall be as follows:

Petrol (93)----------------------------- M11.45 per litre

Diesel (500)--------------------------- M12.95 per litre

Diesel (50)----------------------------- M13.20 per litre

Domestic Paraffin (Wholesale)--- M9.00 per litre

 

The main reason for the increases has been the rise in free-on-board prices for these products, which have resulted in unit slate under-recoveries.

The Petroleum Fund wishes to appeal to all Retailers to charge proper prices because it is illegal to charge prices that are different from the gazetted ones. There have been tendencies in the past by some retailers of charging prices that are above those set, this should not happen, and any retailer who will be found in contravention of this, shall be prosecuted accordingly. The public is further made aware that there is a toll free number to which any non-compliance can be reported and this number is 80022004.

Copies of this "Press Release" can be obtained from the Petroleum Fund Secretariat offices at LCCI Building, Orpen Road, Petroleum Fund Website (www.petroleum.org.ls) and local radio stations.