MVA Levy reduced by 25%

Govt gives motorists some relief

Govt gives motorists some relief

Tujoromajo Kasuto The Ministry of Mines and Energy has announced a price cut on Monday, which will reduce pump prices for petrol and diesel by N$1.20/l and 65 cents respectively for the month of September. The ministry also announced that the temporarily reduced levies on all petroleum products, through the reduction of the NAMCOR Levy, road user charges and fuel tax by 50% and the MVA Levy reduced by 25% will remain the same until further notice. Additionally, the Ministry has also resolved to increase the industry margin for fuel wholesalers by 20 cents per litre from N$1.08 cents per…
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