Walvis Bay:The price of Unleaded Petrol 95 is set to increase by N$1.50 per litre starting Wednesday, while diesel prices will remain unchanged, as announced by the Ministry of Industries, Mines and Energy.
According to Namibia Press Agency, the new pump prices in Walvis Bay will be N$26.58 per litre for Petrol 95, N$27.86 for Diesel 50ppm, and N$27.96 for Diesel 10ppm. Minister of Industries, Mines and Energy Modestus Amutse attributed the price adjustment primarily to higher international petroleum product prices, increased shipping costs, and a slight weakening of the Namibia Dollar against the United States Dollar.
Amutse explained that these factors have led to an increase in the landed cost of petroleum products, exerting upward pressure on domestic fuel prices. The ministry's calculations show that the average price of Petrol 95 rose by 19.27%, from US$124.390 per barrel in August to US$148.364 per barrel between September 1 and 25, 2026. Similarly, the average price of Diesel 50ppm increased by 13.60% to US$182.413 per barrel, and Diesel 10ppm by 13.52% to US$183.311 per barrel.
Geopolitical tensions and supply disruptions in the Middle East, including restricted flows through the Strait of Hormuz and export restrictions on diesel by some major countries, have further contributed to the pressure on fuel prices. Despite these international challenges, Amutse assured that Namibia has sufficient fuel stocks and no immediate risk of shortages, with the supply chain remaining stable and operational.
The government is set to continue implementing measures through the National Energy Fund and the Bulk Petroleum Import Coordination mechanism to mitigate the impact of international oil price fluctuations on consumers. For the period from November 2026 to January 2027, TotalEnergies Marketing Namibia and TOTSA secured a competitive bulk fuel supply contract, offering a weighted net discount of 63.85 cents per litre on the Basic Fuel Price, expected to save approximately N$220.5 million at the macroeconomic level.
However, Amutse cautioned that a discount on the Basic Fuel Price does not necessarily translate to reduced fuel prices at the pump. He emphasized that Namibia remains a net importer of petroleum products and has limited influence over international oil price movements.