10 April 2012

Namibia: Fuel Price to Increase Again

Windhoek — Namibian consumers will have to dig deeper into their pockets when fuel prices increase tomorrow.

Mines and Energy Minister Isak Katali announced in a media statement availed to Nampa on Monday that fuel prices would increase countrywide at 00h01 on Wednesday, 11 April.

According to the minister's statement, 93 Octane Lead Replacement Petrol will increase by 20 cents per litre (retail) and will then cost N9,97 per litre, while 95 Octane Unleaded Petrol will also go up by 20 cents per litre (retail) to cost N$10,03 per litre.

The diesel price will increase by 10 cents per litre (wholesale), meaning it will now cost N$10,35 per litre.

This is the second fuel price increase for this year, following an increment in mid-February.

Katali explained that the fact that Namibia imports 100 per cent of her petroleum products from neighbouring South Africa makes it imperative for his ministry to compare the fuel prices between the two countries on regular intervals.


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