Fuel price hike takes merry out of Xmas

26 November 2021 | Ekonomie
Jo-Maré Duddy – The price of petrol and diesel in Namibia will increase by 70c per litre on 1 December, bringing the total fuel price increases for 2021 to N$4.30/l for petrol and N$4.20/l for diesel.
The ministry of mines and energy this afternoon announced the country’s eight fuel price increase for the year.
In December 2020, petrol cost N$11.35/l at Walvis Bay. This December the price will be N$15.65/l – an increase of nearly 38%. Diesel will cost N$15.58/l at Walvis Bay this festive season, up nearly 37% from the N$11.38/l last December.
Two drivers fuelled the hike, the senior public relations officer of the ministry, Andreas Simon, explained in a statement. OPEC members have still not agreed to increase supply in the market owing to prospects of surging Covid-19 cases, which will depress demand. In addition, the Namibian dollar depreciated against the US dollar to N$15.35 compared to N$14.85 in October.
“Even though fuel prices are facing an upward adjustment, government, through the National Energy Fund (NEF), will cover the entirety of the under-recoveries recorded for the month of November 2021 on behalf of fuel consumers through the fuel equalisation levy. This amounts to approximately over N$154 million,” Simon said.

Soortgelyk

 

Hardap-sluise nóg groter getrek

22 ure gelede | Omgewing

Elvira Hattingh - Die Hardapdam se sluise is om 10:30 nóg groter oopgetrek sodat dit nou 300 m³ water per sekonde uitlaat – ‘n aanpassing...

La Niña skop dalk nóú in

22 ure gelede | Weer

Elvira Hattingh – Terwyl die weerkantoor ‘n weerwaak vir vandag vir wydverspreide donderbuie oor die westelike helfte van die binneland uitgereik het, meen ‘n weerkenner...

Selfdegeslaghuwelike ly neerlaag … vir nou

22 ure gelede | Howe

Jana-Mari Smith – Drie hoërhofregters het hulle gister sterk ten gunste van die wetlike erkenning van selfdegeslaghuwelike in Namibië uitgespreek, maar het nietemin die aansoeke...

Elisenheimrivier sleep motors weg

22 ure gelede | Weer

Augetto Graig – Die Elisenheimrivier het Woensdagaand motorvoertuie saamgesleep toe dit verby die Farmers Kitchen restaurant by Gastefarm Elisenheim oorstroom het. Me. Rentia van der...

Hardap loop gou vol

22 ure gelede | Weer

Elvira Hattingh – Die Hardapdam sou na verwagting laat gisteraand 70% van sy kapasiteit bereik, wat beteken dié suidedam se sluise sou oopgetrek moes word....

kykNET se ‘Wat Dit Vat’: Hier’s die kunstenaars

22 ure gelede | Byvoegsels

Dit was pret, dit was plesier en dit was ’n malligheid op note. Toe die briljante musikant en musiekvervaardiger Loki Rothman gesê het hy gaan...

Fees van klassieke musiek ten bate van kanker

22 ure gelede | Byvoegsels

Een van die mees begaafde pianiste in Namibië, Johann van der Merwe, bied môre (22 Januarie) 'n uitvoering aan om geld in te samel om...

Working with high standards of technology

22 ure gelede | Mense

Wetumwene Shikage Not expecting to find a smooth and easy way of work, Romario Arnat describes his working experience as an eye-opener as to how...

Taking steady growing curves

22 ure gelede | Mense

Wetumwene Shikage Timothy Olivier’s passion and dedication has been a key driver in his success not only within Old Mutual, but throughout his...