More fuel price relief

MOTORISTS will get their third fuel price breather for the year on Wednesday when the price of petrol drops by ten cents a litre and diesel becomes five cents a litre cheaper.

Mines and Energy Minister Isak Katali on Friday confirmed the good news, saying the pump price in Walvis Bay will fall to N$7,01 per litre of 93-octane lead-replacement petrol, to N$7,08 per litre of 95-octane unleaded petrol and to N$7,30 per litre of diesel.The price relief announcement was the third in one week, following Namib Mills’ news that the rice price will drop by 6,5 per cent next Monday and that maize meal will become between seven and nine per cent cheaper next month.Katali said his Ministry would like to pass on the benefit of over-recoveries built up during September to consumers ‘to ease the burden imposed on them’.Included in the new price is an increase in the dealer margin from 56 cents to 62 cents per litre on both grades of petrol and diesel, the Minister said.The lower prices at the various destinations will be:Destination LRP(93) ULP(95) DieselKatima Mulilo 7,31 7,38 7,60Rundu 7,31 7,38 7,60Oshakati 7,30 7,37 7,60Windhoek 7,23 7,30 7,53Gobabis 7,32 7,39 7,61Keetmanshoop 7,41 7,48 7,70Lüderitz 7,41 7,48 7,62Noordoewer 7,49 7,56 7,78