The Ministry of Industries, Mines and Energy has announced that fuel prices in Namibia will remain unchanged for January 2026.
Petrol 95 will continue to retail at N$20.58 per litre, while diesel 50 parts per million (ppm) will remain at N$20.13 per litre and diesel 10ppm at N$20.23 per litre.
The ministry said the decision followed a review of global and domestic market conditions.
During the review period from 1 to 16 December 2025, the Namibia dollar strengthened against the US dollar, averaging N$16.97 to the dollar.
This represents a 1.46% appreciation from the November average of N$17.22.
According to the ministry, its fuel pricing model recorded over-recoveries across all fuel grades during the review period, indicating that regulated pump prices were above actual costs.
Over-recoveries amounted to 42.51 cents per litre for petrol 95, 8.66 cents per litre for diesel 50ppm and 18.37 cents per litre for diesel 10ppm.
“According to the ministry’s latest calculations, the average price of petrol 95 for the period 1 to 16 December 2025 was US$80.49 per barrel, reflecting a 3.29% decrease from the November 2025 average of US$83.23,” the ministry said.
The ministry said international oil prices declined in November 2025 due to a combination of factors, including increased production by major oil producers, higher US shale output, eased OPEC+ production cuts, slower economic growth in major economies and a weaker US dollar.
During the period under review, the average price of petrol 95 fell by 3.29% to US$80.49 per barrel, while diesel 50ppm declined by 10.78% to US$83.78 per barrel.
Diesel 10ppm dropped by 11% to US$83.81 per barrel compared to November 2025.
“In light of these factors, the ministry has decided to maintain current fuel prices in order to ensure stability amid ongoing volatility in international markets,” the ministry said.
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