BMI flags risk to Botswana’s diesel-powered mining sector from surging Oil Prices

Fuel Price Hike Warning for Botswana

Botswana faces possible fuel price hikes as global oil prices surge, with Business Monitor International warning that energy-dependent sectors could be hit hard despite stable short-term supplies   GAZETTE REPORTER   Fear is mounting that Botswana could soon face rising fuel prices as the escalating US–Iran conflict drives global oil prices higher. A new assessment…

BMI flags risk to Botswana’s diesel-powered mining sector from surging Oil Prices

Sunday Standard BMI flags risk to Botswana’s diesel-powered mining sector from surging Oil Prices Botswana’s mining sector, a key engine of the economy, is bracing for a hit to profitability as global oil prices surge amid escalating U.S.-Iran tensions. Analysts warn higher energy costs could squeeze margins in a country where diesel-powered machinery underpins diamond, copper, and coal production. Research from Business Monitor International (B…