FUEL PRICES HIKE
Petroleum prices in Lesotho are subject to monthly adjustments based on a review of international and local factors. This was said by the Petroleum Fund Chief Executive Officer (CEO), Mr. Thato Mohasoa following the fuel adjustment prices in Lesotho with effect from Wednesday, 06 August 2023. Mr. Mohasoa said the costs of fuel and its […]
LEC GETS NO SUBSIDY
The Lesotho Electricity Company (LEC) says that the government and its agencies owe over M80 million, yet it does not get any subsidy from the latter. This was disclosed by the LEC Managing Director, Mr. Mohato Seleke when addressing the media in Maseru on Tuesday. He added that the private sector and individuals also owe […]
LOAD SHEDDING A CHALLENGE FOR RERA-CHAIRPERSON
The Lesotho Electricity and Water Authority (LEWA), acting Chief Executive Officer (CEO) and Chairperson of the Regional Energy Regulatory Association (RERA), Mr. Monti Ntlopo says despite achieving a number of milestones, the energy sector still faces key challenges like electricity load shedding which is a result of supply and demand imbalance. This, Mr. Ntlopo said […]
PETROLEUM FUND ANNOUNCES FUEL HIKE
The Petroleum Fund Secretariat has announced another fuel hike which is set to be effective this Wednesday. The Public Relations officer, Mr. Rorisang Mahlo said the increased fuel prices will be effective on March 01, 2023. Both grades of petrol will increase by M0.80 cents per litre, while the pump price of diesel and Illuminating paraffin will remain […]
PETROLEUM FUND ENGAGES STAKEHOLDERS
The Ministry of Natural Resources together with industry stakeholders held a meeting in Maseru on Wednesday. The Minister of Natural Resources, Mr. Mohlomi Moleko said the meeting is about the cooperation of industry players within the petroleum downstream sector to discuss the issues pertaining to distribution, storage and retailing. Mr. Moleko said the meeting will ensure […]
LEC INCREASES TARIFFS
As of December 01, Basotho will see the implementation of the new tariff of 7.85 percent by the Lesotho Electricity Company (LEC) for the year 2022 /23 as opposed to the initially proposed tariff increment of 12.32 percent. This was revealed by Lesotho Electricity and Water Authority (LEWA) Chair Pricing and Tariffs Committee, Mr. Khotso […]
