31
May
Obrein Simasiku Namibian motorists will have to dig deeper into their inflation hit pockets to pay more for their full. Fuel pump prices have reached historic highs after the Ministry of Mines and Energy announced an exponential increase in fuel, whereby petrol will cost N$2.50 more and diesel is adjusted by N$1.50, effective 1 June. This will be an all-time high adjustment that will see pump stations at Walvis Bay shoot up to N$20.40 in petrol and N$21.43 diesel, which means across the country, it is estimated to cost over N$22 and N$23, respectively. The ministry recorded a huge under-recovery…