The Ministry of Industries, Mines and Energy has announced that fuel prices will remain unchanged for October despite rising global oil prices.
This was said in a media statement issued by the ministry’s executive director, Moses Pakote, on Friday.
He said the National Energy Fund would absorb the under-recoveries recorded during the review period.
According to the ministry, international oil prices rose in September due to tightening supply conditions and geopolitical tensions.
“The average price of petrol 95 for the period September 1 to 22, 2025 was US$84.73 per barrel, representing a 3.1% increase from the August average of US$82.20.
“In contrast, the average price of diesel 50ppm during the same period increased to US$88.465 per barrel, reflecting a 3.2% increase from US$85.75 recorded in August,” he said.
These were driven by Ukraine’s intensified strikes on Russian refineries, new United States restrictions that disrupted exports, and rising freight and logistics costs.
The average price of petrol 95 increased to US$84.73 per barrel, up 3,1% from US$82.20 in August.
Diesel 50ppm rose to US$88.47 per barrel, a 3,2% increase from US$85.75, while diesel 10ppm averaged US$88.64 per barrel, compared to US$85,l.90 in August.
Pakote added that the Namibia dollar, however, strengthened slightly against the US dollar, averaging N$17.49 per US dollar in September compared to N$17.70 in August, helping to cushion some of the import costs.
He added that despite under-recoveries of 10.37 cents per litre for petrol 95, 52.91 cents for diesel 50ppm, and 44,l.85 cents for diesel 10ppm, the ministry said pump prices would remain steady.
The ministry said that this means petrol 95 will stay at N$20.37 per litre, diesel 50ppm at N$19.92, and diesel 10ppm at N$20.02 throughout October.
“Namibia imports petroleum products and, as a result, domestic fuel prices are influenced by global oil price movements. The ministry is therefore closely monitoring international oil price trends to safeguard consumers from paying exorbitant fuel prices,” the statement reads.
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