Govt cuts fuel prices, unveils import overhaul after N$1.3bn relief bill

Patience Makwele

The government has reduced fuel prices for July and announced a major overhaul of Namibia’s fuel procurement system after spending N$1.3 billion cushioning motorists against soaring international oil prices.

This was announced by the minister of industries, mines and energy Modestus Amutse on Wednesday during an information sharing session in Windhoek.

The minister revealed that the price of petrol will decrease by N$1.00 per litre, while diesel 50ppm and diesel 10ppm will each drop by N$4.00 per litre, effective from midnight on 3 July.

The reductions bring the Walvis Bay pump price of petrol to N$22.48 per litre, down from N$23.48 in June. Diesel 50ppm falls from N$28.26 to N$24.26 per litre, while diesel 10ppm decreases from N$28.36 to N$24.36 per litre.