News & Media
WELCOME REMARKS BY THE CHIEF EXECUTIVE OFFICER OF THE PETROLEUM FUND ON THE OCCASION OF THE MULTI-SECTORAL HYBRID WEBINAR, AVANI MASERU, 19TH AUGUST 2022
In particular, I wish to express our gratitude to our panellists for taking the time off their busy schedules, and...
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PETROLEUM FUND’S FUTURE PRAGMATIC APPROACH TO ENSURING SECURITY OF SUPPLY OF PETROLEUM PRODUCTS IN LESOTHO by Thato Mohasoa
The Lesotho Energy Policy (2015-2025) seeks to provide a strategic direction that the country should follow in the energy sector,...
Read MorePetroleum Prices
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Petrol 95 | M22.65
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Petrol 93 | M22.20
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Diesel 50PPM | M23.20
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Domestic Paraffin (Retail) | M17.80
Welcome Note
The Petroleum Fund was established with the mandate to finance petroleum-related projects, to address the objectives of its enabling legislation which address, among others, the purchase of petroleum products in times of need; and the improvement of the distribution of petroleum products throughout the country.
The Fund is committed to embarking on petroleum investments that will, not only ensure that there is the security of supply of petroleum products in Lesotho, but that investment opportunities are created for Basotho within the petroleum sector, including overall economic stimulation and job creation in the country.
Our Core Services
The Fund is committed to embarking on the petroleum investment that will not only ensure there is a security of supply of petroleum products in Lesotho but that investment opportunities are created for Basotho within the petroleum sector, as well as overall stimulation of the economy and job creation in the country. The Fund does regulate the prices of petroleum products within the country.
Fuel
There are three types of fuel that are being sold at filling stations in the country:
- Petrol93
- Petrol95
- Diesel50
Thus, it is every motorist’s responsibility to ensure that the right fuel is pumped into their vehicles
Liquid Petroleum Gas (LPGas)
This is a flammable mixture of hydrocarbon gases used as fuel in heating, refrigeration and lighting appliances, cooking equipment, and vehicles. It is a mixture of 48% propane, 50% butane, and 2% pentane.
Illuminating Paraffin (IP)
Illuminating Paraffin is a low sulphur fuel oil that is thin and colourless. It is used in several different forms, including paraffin wax and petroleum jelly.
Oil Companies
