11 February 2013

Namibia: Fuel Prices to Go Up Again

MOTORISTS are in for a shock as indications are that the price of petrol will again be increased at midnight on Wednesday.

It is anticipated that the price of 93-octane lead-replacement petrol will go up by 28 cents per litre, and that of 95-octane unleaded petrol by 25 cents per litre.

The price of diesel is to remain unchanged.

The last fuel increase was in November last year when 93-octane petrol went up to N$10,34 a litre, and 95-octane petrol to N$10,47 at Walvis Bay. The price of diesel went up by 40 cents.

The last increase was ascribed to the fact that the government's National Energy Fund (NEF) could no longer carry the burden of high fuel prices on its own and had to divert some of the cost to customers.

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