Motorists irked by fuel price hike
05 September 2018 | Energy
The Walvis Bay pump price for petrol is now N$12.95 per litre, for diesel 500 ppm N$13.28 per litre, and for diesel 50 ppm N$13.33.
Namibian Sun took to the streets of Windhoek yesterday to find out how motorists felt about the latest price increase.
“As a result of the fuel price hike, the price of everything must go up at the end of the day. It does not look good and it is not the first time that fuel prices are going up this year,” said Dr Niklaas Fredericks.
“It is ungodly, that is all I can say,” said Frans Basson at the Hochland Park Service Station.
Another motorist, Hamutenya Abraham, said: “It is not nice and I do not feel nice that fuel prices are increasing again. It [fuel price] must come down, we don't have money.”
Taxi driver Hailulu Faustinus said even though taxi fares had increased by 20% last week, the latest fuel price hike would hit the transport sector hard.
Mines and energy minister Tom Alweendo said the government had no option but to raise fuel prices.
“By increasing fuel pump prices, it is not the intention of the government, or petroleum product suppliers, or fuel station owners, to generate more income but to recover the cost already incurred by bulk oil importers to bring fuel to Namibia,” he said.
According to him, the government is still absorbing most of the increases in import costs.
“The full costs will not be passed on to consumers. More than half of each of the products' under-recoveries will be paid by the National Energy Fund to the bulk of oil importers,” he said.
According to him, the ministry studied price movements in the oil industry carefully before announcing fuel price increases.
A service station owner, who preferred to remain anonymous, said the Namibian government was handling the situation well, compared to South Africa. He felt that the increases were fair and said motorists in South Africa were paying much more for fuel.