SHORT: Fuel price to increase on Wednesday

The Ministry of Mines and Energy has announced a series of fuel price increases set to take effect on Wednesday, 5 March 2025. The adjustments include a 50-cent rise per litre for petrol as well as both diesel variants - diesel 50ppm and diesel 10ppm. In Walvis Bay, the new prices will be N$21.17 per litre for petrol, N$21.42 per litre for diesel 50ppm, and N$21.52 per litre for diesel 10ppm. Fuel prices in other regions across Namibia will also be adjusted accordingly, taking into account transportation costs and other logistical factors.

In addition to the price hikes, the Ministry announced an increase in the road user charge by 20 cents per litre. This brings the Road Fund Administration (RFA) levy to 243 cents per litre. The adjustment is part of efforts to support infrastructure maintenance and development across the country, ensuring that road networks remain in good condition for users.

Furthermore, fuel retail operators will see an increase in their margins, with the dealer’s margin rising by 30 cents per litre. This move is intended to support the sustainability of service stations, which have been grappling with rising operational costs. The Ministry has not detailed the specific reasons behind these increases, but they come at a time when global fuel prices remain volatile. Analysts suggest that factors such as international oil prices, exchange rates, and logistical costs may have influenced the decision.