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Fuel price stays unchanged, levies extended, dealer margin increased

The ministry of mines and energy has announced that petrol and diesel prices will remain unchanged for the month of August.

The price of petrol will remain N$22.28 cents per litre and the diesel price will remain at N$22.77 cents per litre in Walvis Bay. Fuel prices across the rest of the country will also remain unchanged.

Furthermore, the ministry has resolved to extend the temporary reduction of the levies imposed on fuel except the fuel tax that will be reinstated back to 90 cents per litre on all products. This entails that the MVA levy, road user charge levy and the Namcor levy will remain at their current levels until further notice.

The ministry has also resolved to address the burning issue concerning fuel retailers by increasing the dealer margin by 50 cents per litre from 113 cents per litre to 163 cents per litre.

These changes will become effective as from the 3rd of August 2022.

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Namibian Sun 2022-12-04

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