Africa-Press – Namibia. After five months of keeping fuel prices the same, the Ministry of Industries, Mines and Energy has decided to increase the prices starting Wednesday.
In a statement issued on Friday, the ministry says fuel will increase by 21 cents per litre.
At Walvis Bay, the new fuel prices will be N$20.58 per litre for Petrol 95, N$20.13 per litre for Diesel 50ppm and N$20.23 per litre for Diesel 10ppm.
According to the ministry, the increase is due to a rise in demand for oil but there has been reduced global supply due to geopolitical tensions, limited Organisation of the Petroleum Exporting Countries plus its allies output growth, refinery disruptions and sanctions on Russian oil exports.
“Given the above-mentioned factors, the cost of imported fuel increased, contributing to higher pump prices in Namibia for December 2025,” said the ministry.
According to the ministry the fuel pricing model recorded under-recoveries of 21.21 cents per litre for Petrol 95, 156.51 cents per litre for Diesel 50ppm and 150.11 cents per litre for Diesel 10ppm
The National Energy Fund will absorb the diesel under-recoveries, estimated at N$145.8 million.
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