Namibia’s Ministry of Mines and Energy (MME) don announce significant decrease for fuel prices, wey go take effect from July 3.
Di price of petrol go drop by 80 Namibian cents per liter, wey be approximately 0.044 U.S. dollars. Diesel prices too go see reductions: diesel 50ppm go drop by 60 Namibian cents per liter and diesel 10ppm go drop by 70 Namibian cents per liter.
For one statement wey dem release on Tuesday, di MME detail di new pricing structure.
As of July 3, di pump price of petrol for Walvis Bay go be 22.20 Namibian dollars per liter. Diesel 50ppm go dey priced at 21.57 Namibian dollars per liter, and diesel 10ppm go cost 21.67 Namibian dollars per liter. Di ministry talk say fuel prices across di rest of di country go adjust accordingly.
Di ministry attribute di decrease in fuel prices to recent drop for global oil prices.
“Oil prices recently drop to four-month low after di announcement by di Organisation of the Petroleum Exporting Countries and its allies say dem go maintain overall production levels steady until di end of 2025,” di MME talk.
Di statement also note say di exchange rate from June 1 to June 25, 2024, show moderate 0.1 percent depreciation of di Namibian dollar against di U.S. dollar. However, dis slight depreciation no get significant impact on di overall reduction in oil prices.
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