Mines and energy ministry’s spokesperson Andreas Simon said the ministry remains fully aware of the negative impact that high fuel prices inflict on motorists; hence, the public is advised to use scarce resources more prudently during these tough economic times.
Already struggling with massive increases in food prices and expensive bank loans, consumers are given a bit of relief following the announcement last week by the mines and energy ministry that the price of petrol will remain unchanged, while diesel prices will decrease.
Come Wednesday, diesel consumers will see a decrease in the price by 80 cents per litre.
These developments will bring the Walvis Bay petrol prices to N$19.78 per litre, while diesel prices decrease to N$19.85 per
“The exchange rate figures for the period of 1 to 25 April 2023 indicate that the Namibia Dollar has slightly appreciated against the US Dollar at N$18.1372 per US$, compared to N$18.2573 per US$ at the end of March 2023,” said Simon in a statement.
The ministry has, therefore, recorded a combination of over and under-recoveries on petrol and both diesel products, namely an under-recovery of 95 cents per litre on petrol and over recoveries of 111 and 101 cents per litre of diesel 50 ppm and 10 ppm, respectively.