Petrol prices to increase

The Ministry of Mines and Energy has announced in a media release that fuel pump prices will increase tomorrow, 1 November 2017 at 00:01.
This decision was made due to ‘recent reports indicating that oil companies are failing to generate sufficient returns on their investments in the petroleum sector and there is a need to adjust their margins to a level that would encourage sustainability and further investment.’ The prices in Walvis Bay will increase by N$0.40 per liter (retail) for 95 Octane Unleaded Petrol, while all grades of Diesel will increase by N$0.60 per liter (wholesale).
Thus, the new Walvis Bay pump prices will be:
95 Octane Unleaded Petrol – N$ 11.20 per liter
Diesel 500ppm – N$ 11.23 per liter
Diesel 50ppm – N$ 11.28 per liter

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