The Ministry of Mines, Energy and Industry has announced its decision not to adjust fuel prices for May.
Petrol will continue to cost N$20.67 per litre, diesel 50ppm will remain N$20.62, and diesel 10ppm will cost N$20.72 per litre.
This is due to the fact that while the cost of crude oil has declined over the past month, the Namibia dollar has depreciated in value against the United States dollar, making fuel imports more expensive.
“In April 2025, crude oil prices declined, mainly due to increased global supply and weakened demand outlook,” the ministry stated.
While non-OPEC countries maintained high a high output, OPEC+ continued to increase their production rate.
Meanwhile, the rising tensions in international trade due to the United States’ new tariffs lead to reduced demand.
The decreased price was offset by the Namibia dollar depreciating against the United States dollar by 4.27% this month, compared to March 2025.
The ministry highlights its commitment to “timely adjustments of local fuel prices in response to international developments , ensuring fair pricing for consumers while maintaining sustainability of the fuel supply chain”.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
