Business
Government owes oil companies P350.6 million in fuel subsidies
The News
The government has reiterated its difficulties in settling outstanding payments to oil companies, as rising global crude oil prices strain the National Petroleum Fund. The fund has disbursed over P262 million in fuel subsidies over the past three months but still owes oil companies about P350.6 million in outstanding claims, according to the Minister of Minerals and Energy.
Why it matters
Government owes oil companies P350.6 million in fuel subsidies as the National Petroleum Fund struggles under global crude price pressures, exposing supply-chain vulnerabilities.
23 April 2026 · Botswana Sunday Standard →