Motorists can expect some relief at fuel pumps this week, as petrol prices will drop by one dollar per liter, while both diesel grades will decrease by 50 cents per liter, effective Wednesday.
 

The Ministry of Industries, Mines and Energy has maintained fuel prices for this month, a move aimed at supporting price stability amid ongoing global market volatility.

Fuel prices for domestic consumption for unleaded petrol 95 will remain unchanged at N$20.58 per litre.

Although global oil prices have increased, local motorists will not pay extra for fuel in October. Local prices for both petrol and diesel grades remain unchanged.

The declining cost of unleaded petrol and automotive diesel oil in the global oil market is among several factors that led to the fuel prices for the month of September remaining unchanged.

The transport sector heads into the month of June with a bit of relief, with motorists set to pay less for both petrol and diesel.

The price of petrol will decrease by 30 cents per litre, while prices of both diesel variants, Diesel 50ppm and Diesel 10ppm will decrease by 70 cents per litre.

Motorists will not need to budget for extra fuel during the festive season, as petrol and diesel prices will remain unchanged in January 2025.

The fuel price trends in December showed a moderate rise in diesel prices, driven by the continued uptick in global demand.

Spring has certainly sprung as Namibian motorists are greeted with good news as the Ministry of Mines and Energy announces a decrease in fuel prices, effective from Wednesday, 4 September 2024.