Namibia raises fuel prices

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Fuel

The prices of petrol and diesel will rise by 50 Namibia cents (about 3 U.S. cents) per liter each, effective on Feb 3., Namibia’s Ministry of Mines and Energy announced on Friday.

“Namibia is finding herself in a very volatile international oil market at present… The exchange rate has not been favorable during the course of January 2021. Due to these reasons, the current review is indicating a need for an upwards adjustment in the local fuel pump prices,” the ministry’s spokesperson, Andreas Simon, said.

After the adjustment, prices in Walvis Bay will be 11.85 Namibia dollars per liter for petrol and 11.88 for diesel, he said. Enditem

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