STAFF WRITER
The Mines and Energy Minister has announced TotalEnergies as Namibia’s bulk fuel supplier for three months effective from 1 November.
Making the announcement on Monday minister Modestus Amutse said the designation covers the fuel the country needs to import over these three months.
The total shipment will cover approximately 246.9 million litres of diesel and approximately 98.4 million litres of petrol, totalling about 345.3 million litres.
“The first shipment must arrive in November 2026, and deliveries are planned so that the country remains securely supplied throughout the period,”Amutse said.
Amutse said the announcement is a result of an open, competitive bidding process in which the Ministry of Industries, Mines and Energy coordinates bulk fuel imports.
“ I have designated the TotalEnergies bidding group as the successful supplier of Namibia’s bulk petrol and diesel for the period November 2026 to January 2027, with its trading company, TOTSA, as the supplying member,” he said.
The minister said for many years Namibia paid more than the Basic Fuel Price (“BFP”), to have its fuel supplied.
“Suppliers charged a premium on top of that benchmark. In the last supply round, the Ministry removed that premium entirely: fuel was supplied at the BFP itself, with nothing added. This round, we have gone a step further. All four companies that submitted bids offered to supply at a discount to the BFP. Not a single bidder asked for a premium,” he said.
He said the price of supplying Namibia’s fuel has moved from a premium, to the benchmark, and now to below the benchmark.
“The winning bid offers a discount of 61 cents per litre on diesel and 71 cents per litre on petrol. Taking the two fuels together in the volumes we import, that is an average discount of 63.85 cents on every litre. Over the three months, it amounts to a saving of approximately N$220.5 million compared with the current arrangement,” Amutse said.
He said the savings will flow into the national fuel price account managed under the National Energy Fund, and strengthens the Ministry’s ability to keep pump prices stable for motorists and the economy.
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