Fuel prices down tomorrow
The Ministry of Industries, Mines and Energy has announced that fuel prices are to decrease tomorrow.
Effective from midnight tonight, petrol prices nationwide decrease by 30 cents per litre, while prices of both locally sold diesel variants decrease by 70 cents per litre. That means that both diesel 50ppm and diesel 10ppm will cost you N$19.92 and N$20.02 per litre respectively at Walvis Bay. Petrol will be sold at N$20.37 in the harbour town, while pump prices across the country will be adjusted accordingly.
The decision follows the ministry’s monthly review of fuel prices for June, influenced by global decreases in international diesel prices during May. This decrease was attributed to a combination of oversupply fears and weakening demand, while the OPEC group signalled an increase in production. Global economic uncertainty, worsened by tensions over trade, also contributed to less demand for crude oil, according to the ministry. “As a result, crude oil prices fell below U$80 per barrel, reflecting a bearish market outlook,” reads the announcement from the ministry.
Meanwhile, freight and demurrage costs for clean tanker vessels rose due to expanded American sanctions on Russia and heightened demand for Middle East oil shipments to Asia. These shipping challenges added logistical pressures on refined fuel distribution, despite the overall decline in diesel prices, the ministry added.
The ministry calculates that average prices of petrol rose by 0,58% to U$78,195 per barrel between 1 and 22 May, compared to the average of U$77,746 recorded for April. Over the same period in May, diesel prices for 50ppm decreased by 3,02% to U$78,227 from U$80,667 recorded in April.
“Despite changes in the international oil price, the Namibia dollar has strengthened against the US dollar,” according to the ministry which recorded a 3,66% appreciation in May, compared to April 2025. “This appreciation improves the purchasing power for fuel imports, helping to moderate the impact of global price fluctuations on local fuel costs,” the statement reads.
Fuel price modelling recorded over-recoveries of 36,467 cents per litre for petrol, 79,608 cents for diesel 50ppm, and 87,383 cents per litre for diesel 10ppm, according to the ministry.
Effective from midnight tonight, petrol prices nationwide decrease by 30 cents per litre, while prices of both locally sold diesel variants decrease by 70 cents per litre. That means that both diesel 50ppm and diesel 10ppm will cost you N$19.92 and N$20.02 per litre respectively at Walvis Bay. Petrol will be sold at N$20.37 in the harbour town, while pump prices across the country will be adjusted accordingly.
The decision follows the ministry’s monthly review of fuel prices for June, influenced by global decreases in international diesel prices during May. This decrease was attributed to a combination of oversupply fears and weakening demand, while the OPEC group signalled an increase in production. Global economic uncertainty, worsened by tensions over trade, also contributed to less demand for crude oil, according to the ministry. “As a result, crude oil prices fell below U$80 per barrel, reflecting a bearish market outlook,” reads the announcement from the ministry.
Meanwhile, freight and demurrage costs for clean tanker vessels rose due to expanded American sanctions on Russia and heightened demand for Middle East oil shipments to Asia. These shipping challenges added logistical pressures on refined fuel distribution, despite the overall decline in diesel prices, the ministry added.
The ministry calculates that average prices of petrol rose by 0,58% to U$78,195 per barrel between 1 and 22 May, compared to the average of U$77,746 recorded for April. Over the same period in May, diesel prices for 50ppm decreased by 3,02% to U$78,227 from U$80,667 recorded in April.
“Despite changes in the international oil price, the Namibia dollar has strengthened against the US dollar,” according to the ministry which recorded a 3,66% appreciation in May, compared to April 2025. “This appreciation improves the purchasing power for fuel imports, helping to moderate the impact of global price fluctuations on local fuel costs,” the statement reads.
Fuel price modelling recorded over-recoveries of 36,467 cents per litre for petrol, 79,608 cents for diesel 50ppm, and 87,383 cents per litre for diesel 10ppm, according to the ministry.
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