16 Nov 2023
THE Ministry of Mines and Energy announced a fuel price increase of N$0,25 per litre for petrol and diesel countrywide, effective from 1 August 2018. The fuel price increase is a result of an increase by the same amount in fuel tax announced by finance minister Calle Schlettwein in his budget statement on 7 March 2018. The fuel tax increase became effective on 4 July 2018, but was only passed on to the consumer through the most recent pump price increase.
It is the third consecutive price increase for petrol and the fourth for diesel. Prices were kept stable for six and five months between December 2017 and May and April 2018 for the two products, respectively…