STARTING on Wednesday, the price of diesel is set to climb by N$2,40 per litre, while the price of petrol will rise by N$1,90 per litre.
This means the new fuel prices at Walvis Bay will be N$22,88 per litre for petrol, N$23,15 per litre for diesel 50ppm and N$23,35 per litre for diesel 10ppm.
These adjustments follow a previous increase of N$1,70 per litre for diesel and N$1,20 per litre for petrol on 6 September.
Mines and energy spokesperson Andreas Simon said fuel prices are on the rise due to global pressure, driven by a significant reduction in global oil production, particularly in Russia.
Simon said the ministry has decided to raise the profit margin for oil wholesalers by 18 cents per litre, going from 128 cents per litre to 146 cents per litre. They are also increasing the profit margin for service station operators by 20 cents per litre, going from 163 cents per litre to 183 cents per litre.
“In September, there was a deficit of 194 cents per litre for petrol. Additionally, under-recoveries of 290 cents per litre for diesel with 50 ppm and 281 cents per litre for diesel with 10 ppm were recorded,” said Simon.
Additionally, the ministry will provide a temporary relief margin of 20 cents per litre to oil wholesalers for a period of three months.
*Tangi Abraham, a taxi driver based in Windhoek, said the surge in fuel prices will put more pressure on already struggling taxi businesses.
“Currently, we are struggling as taxi drivers because customers already cannot afford to pay N$13 and we are forced to accept N$10. At the end of the day, we are not making any profit. We are just working to buy fuel,” said Abraham.
“Some of us are not driving our own taxis and we have to pay the owners of the taxis daily, however, there is no money to pay so we end up losing this car and having no income. This was not so before, but since fuel prices started to go up we have been struggling.”
*Not his real name
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