Fuel prices will remain unchanged in August, the Ministry of Industries, Mines and Energy has announced.
Petrol will remain at N$20.37 per litre, diesel 50 parts per million (ppm) at N$19.92 per litre and diesel 10ppm at N$20.02 per litre.
The ministry recorded over-recoveries of 0.46 cents per litre for petrol, over-recoveries of 90.62 cents per litre for 50ppm diesel and over-recoveries of 83.86 cents per litre for 10ppm diesel.
Executive director of industries, mines and energy Moses Pakote says the ministry’s decision was influenced by various factors, including the Namibia dollar strengthening against the United States dollar (US$) in July.
“From 1 to 22 July, the average exchange rate stood at N$17.72 per US$, reflecting a 0.65% appreciation compared to the June 2025 average of N$17.84. This appreciation helped cushion the impact of rising international diesel prices by slightly lowering the cost of imports in local currency terms,” says Pakote.
He says while diesel prices rose by nearly 3% in US dollar terms, the net increase in Namibia dollars was limited by approximately 2.3%, thereby reducing the extent of under-recoveries.
Pakote further says the National Energy Fund will absorb under-recovery, estimated at N$24.7 million this month.
Under-recovery involves the difference between the actual selling price of a fuel product and the price it would have cost to import and process that fuel from the international market.
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