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December fuel price to remain unchanged

December fuel price to remain unchanged

The Mines and Energy Ministry announced that the fuel pump prices for  December will remain unchanged unchanged, after the global oil market supply and demand remained relatively steady throughout the month of November.

The price for 95 Octane Unleaded Petrol will stay at N$13.05 per litre, while, Diesel 50ppm will remain at N$13.63 per litre.

The Minister Tom Alweendo said the stability in fuel prices is expected to contribute meaningfully to the many economic activities that are usually rife during the end of the year festive season.

“The National Energy Fund is financially stable and will absorb these moderate under-recoveries on behalf of consumers. It is estimated that the subsidy will be in excess of N$ 30 million,” Alweendo said.


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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys