TIRI MASAWI
The Minister of Industries, Mines and Energy Modestus Amutse has approved a fuel price increase that will see petrol going up by N$ 1.40 per litre, diesel 50ppm by N$ 4.63 per litre and diesel 10ppm by N$ 4.63 per litre – triggering fears of a chain reaction that could see prices of goods and services going up.
According to the announcement made on Thursday the new pump price will be N$ 23.48 per litre for petrol 95ppm, N$ 28.26 per litre for diesel 50ppm and N$ 28.36 per litre for diesel 10ppm.
Amutse said the government is implementing a raft of measures to cushion consumers from potential price increases in the near future.
“Following the approved fuel price adjustments, the Government will
absorb a total estimated amount of approximately N$1.3 billion payable to suppliers of petroleum products for the months of April and May 2026 through the National Energy Fund,” he said.
He said the intervention is aimed at cushioning consumers against the full impact of international oil price shocks while ensuring continuity and security of fuel supply in the country.
Ironically the increase in fuel prices saw the minister of Works and Transport Veikko Nekundi announcing that Taxi and bus fares in Namibia would increase by 15% from 18 May 2026.
In a statement released today, Works and Transport Minister Veikko Nekundi said the increase comes after continued fuel price hikes, rising vehicle maintenance costs, and requests from transport operators who say they are struggling to keep operating costs down
“The new taxi fare will increase from N$13 to N$15 nationwide,” Nekundi said.
Responding to security of supplement Amutse said Namibia currently maintains adequate fuel stocks and that there are no immediate risks of fuel shortages in the country.
“To support the continued availability of fuel across the country, service stations are directed, for the next three (3) months, to only refuel directly into the customers’ vehicles. The filling of additional drums, cans, or other containers will not be permitted during this period, except those in possession of a Consumer Installation Certificate,” he said.
Amutse said anyone found in violation of this directive will be dealt with as per the relevant laws of the land including referrals for appropriate law enforcement action.
He said the fuel supply chain remains operational and stable, with sufficient stockholding levels maintained by Oil Marketing Companies (OMCs) to meet national demand.
COMMENTS