Fuel prices remain unchanged for September

Fuel prices will remain unchanged for September, the Ministry of Mines and Energy has announced.

The ministry, in a media statement issued by minister Tom Alweendo on Monday, stated that the global oil market remained favourably volatile to net importers of oil like Namibia in that oil prices have fallen during the period under review.

The exchange rate between the Namibia Dollar against the US Dollar also depreciated significantly, from an average of N.dollars 14.04 in July 2019 to N.dollars 15 in August 2019.

Meanwhile, the ministry will increase the fuel tax by 25 cents per litre effective as from 01 September 2019.

In Walvis Bay, 95 Octane Unleaded Petrol will remain at N.dollars 13.05 per litre and Diesel 50ppm at N.dollars 13.63 per litre.

Source: Namibia Press Agency