Motorists irked by fuel price hike

05 September 2018 | Energy

“Ungodly” is how one Windhoek motorist reacted to the news that fuel prices increased by 40 cents a litre at midnight.

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.

OGONE TLHAGE

Similar News

 

Namcor prevails

6 hours ago | Energy

The National Petroleum Corporation of Namibia (Namcor) has been chosen to manage the strategic fuel storage facility in Walvis Bay, but will initially appoint a...

Stable rand to help fuel prices

2 weeks ago - 03 January 2019 | Energy

Simonis Storm analyst Indileni Nanghonga believes that fuel prices could drop further if the rand strengthens against the US dollar. This follows a reduction...

Southern RED set for 2019

3 weeks ago - 28 December 2018 | Energy

The establishment of the Southern Regional Electricity Distributor is expected to be completed in 2019 following the finalisation of a formula that will reimburse local...

Less time at the pump, more fun on the...

1 month - 04 December 2018 | Energy

Due to increasing crude oil prices and exchange rate depreciation, Namibians now pay record prices for fuel at filling stations. These increases place even greater...

Fuel prices up again

2 months ago - 06 November 2018 | Energy

OGONE TLHAGEFuel prices will increase for the fourth time in as many months tomorrow.The minister of mines, Tom Alweendo, yesterday announced that all diesel grades...

Millions invested in Trekkopje solar project

3 months ago - 27 September 2018 | Energy

Bank Windhoek, in conjunction with Enertronica Group, recently financed the construction of the Trekkopje solar project in the Erongo Region as part of the development...

Nored accused of 'daylight robbery'

4 months ago - 18 September 2018 | Energy

Nored has failed to explain how an already settled account of N$7 411 ballooned to N$32 343.A 73-year-old resident of Ekolyanaambo village near Ondangwa in...

Namcor will explain

4 months ago - 17 September 2018 | Energy

JEMIMA BEUKES The National Petroleum Corporation of Namibia (Namcor) board chairperson, Patrick Kauta, says he will write to mines...

Alweendo ­inaugurates N$100m solar plant

4 months ago - 13 September 2018 | Energy

Namibia's first privately owned independent power producer (IPP) solar photovoltaic (PV) plant, built to the tune of nearly N$100 million, has been officially inaugurated by...

Motorists irked by fuel price hike

4 months ago - 05 September 2018 | Energy

“Ungodly” is how one Windhoek motorist reacted to the news that fuel prices increased by 40 cents a litre at midnight.The Walvis Bay pump price...

Latest News

NDF defies court order

6 hours ago | Justice

Four days after the Namibian Defence Force was ordered to vacate a Rehoboth shooting range it had illegally occupied in December, the army's locks remain...

Pensioner loses N$400k in scam

6 hours ago | Crime

A 60-year-old woman at Oshakati has lost N$405 000 in an extortion scam staged by fraudsters pretending to be police officers. The incident happened...

Ramaphosa implicated in corruption allegations

6 hours ago | Economics

Democratic Alliance (DA) leader Mmusi Maimane on Thursday called on South African President Cyril Ramaphosa to cancel all existing government contracts with Bosasa and institute...

Retail industry records negative growth

6 hours ago | Economics

The wholesale and retail trade sector in Namibia has recorded various degrees of negative growth for eight consecutive quarters, a policy analyst at the Namibia...

Not a walk in the...

6 hours ago | People

Elizabeth Joseph Business and economics have always fascinated Danny Meyer, the founder of SMEs Compete.For as long as he can remember, Meyer has always harboured...

New year, new CV

6 hours ago | Columns

In the modern era, the job market is fast and competitive and opportunities come in a blink of an eye. If you are not ready...

Parents angry about Andimba School...

6 hours ago | Education

Some parents are accusing the Andimba Toivo ya Toivo Senior Secondary School at Ondangwa of denying grade 12 learners hostel accommodation. They complained to Namibian...

Vote to secure your destiny

6 hours ago | Columns

The Electoral Commission of Namibia (ECN) announced this week it will start conducting supplementary registration for voters in July, ahead of the presidential and National...

Corruption - A social disease

6 hours ago | Columns

How to create reckoning during the Year of Accountability?This article focuses on options to capitalise on the recently proclaimed ‘Year of Accountability’. Given the fact...

Load More