LESOTHO FUEL PRICES GO UP.

Fuel pump

The hike in South Africa fuel prices sparked a reaction in Lesotho as they followed suit. South Africa is said to have increased petrol by R1,62 per litre, diesel by R1,20, paraffin by 26c and liquified petroleum gas by 85c. The increase was triggered by the high  international prices for oil this week.  

However, prices for crude oil remain the same therefore electricity costs will not change which most people have cried foul that it will affect those working with tight budgets. Lesotho Petroleum fund financial accountant said that the final prices would be announced after the board has had a meeting.

MOTORISTS have been  enjoying six months of consecutive price cuts. This would be the first increase since last August. Fuel prices are a function of several factors including oil prices and the rand exchange rate.

With the oil price stable for now, all eyes will be on the rand to see if there will be another increase in prices in a month’s time. - See more at: http://lestimes.com/fuel-price-hike-looms-in-lesotho-3/#sthash.2M45cnmr.dpufc

South Africa is set to have a knock-on effect on Lesotho with the Petroleum Fund Lesotho mulling an increase in the price - See more at: http://lestimes.com/fuel-price-hike-looms-in-lesotho-3/#sthash.cvqgThUM.dpufS

South Africa is set to have a knock-on effect on Lesotho with the Petroleum Fund Lesotho mulling an increase in the price - See more at: http://lestimes.com/fuel-price-hike-looms-in-lesotho-3/#sthash.cvqgThUM.dpuf

South Africa is set to have a knock-on effect on Lesotho with the Petroleum Fund Lesotho mulling an increase in the price - See more at: http://lestimes.com/fuel-price-hike-looms-in-lesotho-3/#sthash.cvqgThUM.dpuf

South Africa is set to have a knock-on effect on Lesotho with the Petroleum Fund Lesotho mulling an increase in the price - See more at: http://lestimes.com/fuel-price-hike-looms-in-lesotho-3/#sthash.cvqgThUM.dpuf