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08:50Last update on: 13 Aug 2013
The Namibian
Tue 13 Aug 2013
SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf SMS Of The Day * WHY doesn’t NBC listen when they are criticised? The little red chairs on Good Morning Namibia have done their part and are dirty especially at the arm rests. Please listen for once. You interview professionals and internationals on those Food For Thought * MINISTRY of Education, in order to address the shortages of teachers at primary schools why don’t you consider employing us who hold a diploma in lifelong learning and community education for teaching posts? We also did health education Bouquets And Brickbats * MY fellow Namibians, I am not a Swapo member but a third term for President Hifikepuye Pohamba will be a step closer towards attainment of Vision 2030. Believe me His Excellency has made crucial bold decisions, and I don’t regret
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BUSINESS - ECONOMY
| 2013-08-06
Another shock increase in fuel prices
WINDHOEK – Fuel prices will increase by 40 cents on Wednesday, Mines and Energy Minister Isak Katali announced in a media statement.
This means motorists will have to dig deeper into their pockets when the prices for 95 Octane Unleaded petrol, Diesel 500 parts per million (ppm) and Diesel 50 ppm increase in two days’ time.
Katali said 95 Octane Unleaded Petrol will increase by 40 cents per litre (retail), and will then cost N$11,66 per litre; while Diesel 500 ppm will increase by 40 cents per litre (wholesale) to cost N$11,82 per litre.
The newly-introduced Diesel 50ppm will also increase by 40 cents per litre (wholesale) to cost N$11,88 per litre; while the price of 93 Octane Lead Replacement Petrol, which is being phased out, will remain unchanged.
The price of 93 Octane Lead Replacement Petrol decreased by 30 cents per litre (retail) in May this year to cost N$10,74 per litre. In June and July, 93 Octane Lead Replacement Petrol also remained unchanged.
Katali explained that internationally, the political unrest in Egypt and a strengthening of the United States of America (USA) economy, which led investors to ‘the thought of increasing oil demand’ drove prices up by more than nine per cent in July.
“Traders are taking a little breather, as speculators are beginning to inject value into the equation. Speculators were afraid that the situation in Egypt will escalate and lead to disruptions in supply during the first and second week of July,” the minister explained.
In the domestic market, the Namibian Dollar continues to fluctuate against the US Dollar.
Thus, the import parity is still experiencing under-recoveries, although the current ones are moderate.
“Through the National Energy Fund, the government will subsidise a reasonable portion of the under-recoveries, and pass the rest on to the consumers,” Katali indicated. – Nampa
This means motorists will have to dig deeper into their pockets when the prices for 95 Octane Unleaded petrol, Diesel 500 parts per million (ppm) and Diesel 50 ppm increase in two days’ time.
Katali said 95 Octane Unleaded Petrol will increase by 40 cents per litre (retail), and will then cost N$11,66 per litre; while Diesel 500 ppm will increase by 40 cents per litre (wholesale) to cost N$11,82 per litre.
The newly-introduced Diesel 50ppm will also increase by 40 cents per litre (wholesale) to cost N$11,88 per litre; while the price of 93 Octane Lead Replacement Petrol, which is being phased out, will remain unchanged.
The price of 93 Octane Lead Replacement Petrol decreased by 30 cents per litre (retail) in May this year to cost N$10,74 per litre. In June and July, 93 Octane Lead Replacement Petrol also remained unchanged.
Katali explained that internationally, the political unrest in Egypt and a strengthening of the United States of America (USA) economy, which led investors to ‘the thought of increasing oil demand’ drove prices up by more than nine per cent in July.
“Traders are taking a little breather, as speculators are beginning to inject value into the equation. Speculators were afraid that the situation in Egypt will escalate and lead to disruptions in supply during the first and second week of July,” the minister explained.
In the domestic market, the Namibian Dollar continues to fluctuate against the US Dollar.
Thus, the import parity is still experiencing under-recoveries, although the current ones are moderate.
“Through the National Energy Fund, the government will subsidise a reasonable portion of the under-recoveries, and pass the rest on to the consumers,” Katali indicated. – Nampa
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