02
Feb
Niël Terblanché Consumers across Namibia will soon feel the impact of rising global oil prices when they go shopping for essential goods. On Friday, the Ministry of Mines and Energy announced a sharp increase in fuel prices. The increase is set to take effect on Wednesday and will have an impact on the prices paid for food and other consumer goods. In its announcement, the ministry attributed the price hike to continued global geopolitical tensions, OPEC+ production cuts, and currency exchange rate fluctuations, which have driven up the cost of importing crude oil. The ministry said in its statement that…