Fuel prices are rising again as the economy struggles

Fuel prices are rising again as the economy struggles

Fuel prices are rising again as the economy struggles

Josef Kefas Sheehama The Ministry of Mines and Energy has announced an increase in the prices of petrol and diesel, citing a combination of rising international oil prices and the depreciation of the Namibian Dollar and catastrophic flooding in Libya. With effective from 04 October 2023 the price of diesel will increase by N$2.40 per litre whilst the price of petrol will increase by N$1.90 per litre. This substantial increase means that a litre of fuel prices in Namibia will be N$22.88 per litre of petrol, diesel 50ppm will be N$23.15 per litre and of diesel 10ppmd will now set…
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