The Ministry of Industries, Mines and Energy has announced that the fuel price will remain the same for September.
This includes unleaded petrol (ulp) 95 and all diesel types.
This is largely due to increased oil and gas in the United States, adding more supply, which put downward pressure on crude prices and weaker refinery margins limiting refiners’ pricing power.
Petrol will be maintained at N$20.37 per litre, diesel 50ppm at N$19.92 per litre, and 10ppm diesel at N$20.02 per litre.
The average price of petrol 95 was US$82.04 per barrel, indicating a 0.13% decrease compared to July.
The average price of diesel 50ppm during the same period decreased to US$85.82 per barrel, a 5.23% decrease from the US$90.56 recorded in July.
Diesel 10ppm followed a similar trend, averaging US$85.98 per barrel, a decrease of 5.36%
compared to the July average of US$90.85.
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!
