(Ecofin Agency) - In Botswana, the Ministry of Minerals, Energy and Water Resources has announced to the public and other consumers that the retail pump price of petrol, diesel and illuminating paraffin is to reduced starting from Saturday December 4, 2015.

In a press release issued by the Ministry, the changes are as follows: the retail prices for unleaded Petrol 93 will reduce by 17 thebe per litre, unleaded petrol 95 and diesel 50ppm by 16 thebe, diesel 200ppm by 14 thebe per litre, while illuminating paraffin by 13 thebe per litre.

This reduction is as a result of the global decline in international crude oil prices and refined prices. The government plans to continue to closely monitor the progress of petroleum products in regional and international markets. "This will enable government to take more appropriate and informed decisions to ensure optimal price control to both the public and the fuel supply industry," the release said.

The public is, however advised to continue to practice fuel conservation measures, so as to save fuel and ease the effects of increased fuel costs and environmental impacts.