Fuel Price Adjustments - Thursday, November 8, 2018

Maseru - The Petroleum Fund Secretariat wishes to inform the public that the prices of petroleum products will be adjusted effective from Friday, November 9, 2018. The pump price of diesel (500) will be increased by Twenty-five (25) lisente per litre, diesel (50) by one Thiry (30) lisente per litre and the wholesale price of illuminating paraffin will be increased by Fifteen (15) lisente per litre, while the pump prices of both grades of petrol will remain unchanged for the period.

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

Petrol (93)----------------------------- M13.95 per litre

Petrol (95)----------------------------- M14.05 per litre

Diesel (500)--------------------------- M14.90 per litre

Diesel (50)----------------------------- M15.20 per litre

Domestic Paraffin (Wholesale)--  M10.70 per litre

 

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

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 and local radio stations.