06
Mar
Niël Terblanché In the face of ongoing global market fluctuations, the Ministry of Mines and Energy (MME) of Namibia declared that fuel prices for both petrol and diesel will remain unchanged in March In a statement, the ministry said that despite experiencing a substantial under-recovery, calculated at 153 cents per litre for petrol and 114 cents and 106 cents per litre for 50ppm diesel and 10ppm diesel respectively, it opted to absorb these costs through the National Energy Fund (NEF). To manage the under-recoveries without adjusting pump prices, the Ministry has raised the National Energy Fund levy by 50 cents…