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Government Gazzette List Update 13/08/09
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 13/08/09 The Ministry of Mines and Energy has to announce a fuel price adjustment at 00h01 on Thursday the 13th August 2009. During
the review period, the average N$/US Dollar Exchange rate
appreciated where by the US dollar depreciated against the
Namibian dollar for the month of July 2009. With the favorable
exchange rate coupled with the decrease in crude oil price
from US$ 72 to below US$ 70 per barrel, oil price continued
to float between US$ 68 and US$ 70 a barrel. This has contributed
to the import parity being positively affected leading to
over-recoveries experienced in the local market on both petrol
and diesel grades. 95
Unleaded Petrol - decreased by 22 c/l (retail) The new Walvis Bay pump prices will be: 95
Octane Unleaded Petrol - N$ 6.71 per liter Pump prices at various selected inland destinations countrywide will also be adjusted accordingly as follows:
The ministry will continue to monitor crude oil price and currency markets and should there be an improvement it will be passed on to the consumers. ERKKI
NGHIMTINA, MP Government Gazzette List Update 17/06/09
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 15/07/09 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Wednesday the 15th July 2009. The international market has witnessed a significant increase in world crude oil prices to date as crude oil prices maintained a bullish upward trajectory for the past three months setting a new record of above US$ 70 a barrel after a fall to the marks of below US$ 40 a barrel. The recent increases in the international crude oil prices are driven by expectations of global economic recovery, ongoing geopolitical concerns including the militant attacks against Nigeria’s oil pipeline as well as oil price speculation. These factors have left crude markets vulnerable and have impacted on the import parity in a way that higher margins of under recoveries are being recorded in our local market. During
the month of June 2009, the crude oil price hovered between
US$ 70 and US$ 72 a barrel. Compounding the effect of rising
crude oil prices, the average Rand/US Dollar exchange rate
slightly depreciated from 8.4128 during May 2009 to 8.0881
in June 2009. 93
Octane- LRP - increased by 34 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93
Octane LRP - N$ 6.93 per liter Pump prices at various selected inland destinations countrywide will also be adjusted accordingly as follows:
The ministry will continue to monitor crude oil price and currency markets and should there be an improvement it will be passed on to the consumers. ERKKI
NGHIMTINA, MP Baynes
Hydro Power Environmental & Socio-economic Impact Assessment
09/06/09
A website has been setup for the Baynes Hydro Power Environmental & Socioeconomic Impact Assesment. The purpose of this web-site is to keep stakeholders updated on the Baynes ESIA progress; to allow stakeholders to access information on the ESIA process; and to provide the contact details of the ESIA project management team. Government Gazzette List Update 17/06/09
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 17/06/09 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Wednesday the 17th June 2009. International oil prices increased in May, regaining some of the losses from the previous session when crude oil dropped from a 6-month high, as the US dollar depreciated against the Namibian dollar. Oil prices have so far risen by 70% since their recent low point in mid-February 2009. In May
2009, the crude oil price hovered between US$ 60 and US$ 66
a barrel which means crude oil prices went up significantly
worldwide. This has contributed to the import parity being
negatively affected leading to the under-recoveries experienced
in the local market on the petrol grades. The month of May
2009 has also seen the average US Dollar/Rand exchange rate
depreciating. This has slightly cushioned the market from
experiencing high under-recoveries which could have led to
high increases and undermining of fuel prices in the local
market. 93
Octane- LRP - increased by 19 c/l (retail) Inclusive in the fuel price increase will be the following adjustments to the following government imposed levy within the fuel price structure: The MVA Levy to increase by 3 c/l to 27.70.c/l, TransNamib Rail to increase by 5%, Road Safety Secretariat to increase by 1c/l on both petrol and diesel grades respectively while the NEF will increase by 2c/l on Diesel grade only. Thus, the new Walvis Bay pump prices will be: 93
Octane LRP - N$ 6.59 per liter Pump prices at various selected inland destinations countrywide will also be changed accordingly as follows:
ERKKI
NGHIMTINA, MP Government Gazzette List Update 16/04/09
Government Gazzette List Update 18/03/09
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 12/03/09 The Ministry of Mines and Energy has to announce fuel price adjustments at 00h01 on Wednesday the 18th March 2009. During the month of February 2009, the average exchange rate of the US$/NAD strengthened coupled with stabilization of the crude oil prices from recorded lows of below US$ 40 per barrel. The US Dollar kept going strong against a basket of world currencies throughout the month and this situation confined the pass-through of low crude oil price benefits to end-user prices in local currencies. Due to world-wide economic turmoil, oil markets are expected to remain weak in the first quarter of 2009 with little growth if any. The value of OPEC’s basket averaged $39/bbl in December, $42/bbl in January, $41/bbl in February, and has started off March 2009 at $42/bbl. This indicates that oil prices have stabilized but at a level that is too low to be acceptable by OPEC. This has then prompted a further production cut prospect with the next OPEC’s meeting on the15th March 2009. The current slowdown in economic growth, tightening of supplies by OPEC and fears of further demand erosion in crude oil markets has been a recipe for an overall lack of direction over the past 3 months. Namibia’s economy looks vulnerable and consumers are yet to see much benefit from falling oil prices as the Ministry tries to make local fuel prices more responsive to market movements. Subsequent to the above mentioned movements in the markets, the over-recoveries/ under-recoveries per product on the Basic Fuel Price import parity as landed in Walvis Bay has been reviewed translating into an adjustment of Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, as follows: 93
Octane Lead Replacement Petrol - Increased by 40 c/l (retail) The new Walvis Bay pump prices will then be: 95
Octane Unleaded Petrol - N$ 6.07 per liter Pump prices at
various inland destinations countrywide will also be changed
accordingly.
It is the Ministry’s responsibility to keep fuel prices to the absolute minimum not to disrupt the transportation costs and thus the entire imported commodity prices in Namibia; hence Unleaded 95 and Lead Replacement 93 petrol pump prices has been subsidized with 32.273 c/l and 25.490 c/l respectively.
Geoscience InfoRmation in AFrica Workshop 28/01/09 This five-day workshop will be conducted at the Geological Survey of Namibia and will contain keynotes on global and African aspects of geoscience information, lectures on data management, data application and data distribution, presentations about the situation of geoscience information in different African countries, working and discussion groups to developing a strategic plan for Africa’s future in geoscience information and a field trip for all participants. Please download the brochure for more information A preliminary programme can be found at www.GIRAF2009.org Government Gazzette List Update 14/01/09
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 14/01/09 The The increasing likelihood of a global economic downturn
continues to dominate market perceptions, putting down pressure
on the oil prices. This has led to a decrease in global energy
demand and a rapid and substantial reduction in crude oil
prices. During the month of December 2008, the market
experienced a strengthened average exchange rate of the R
/US$ coupled with the sharp decline in crude oil prices from
recorded highs to below US$ 40 per barrel. As a result of world-wide economic stagnation, oil
markets are expected to remain weak in the first quarter of
2009. Due to the aforementioned factors, it is clear that
crude oil prices will remain volatile and necessary precaution
and due diligence need to be exercised in reviewing fuel prices
to avoid a negative effect on the economy. At present the Ministry of Mines and Energy
would like to pass the benefit of over recoveries accrued
during December 2008 in the local market to the consumers.
Speech by incoming Chair of the Kimberly Process Certification Scheme (KPCS) - Namibia 07/1/09 Click here to download a speech made by the Permanent Secretary of Mines & Energy, Mr. J.S. Iita on the 6 November in New Dehli, India. Government Gazzette List Update 17/12/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 11/12/08 The The
current Despite
the falling prices
of crude has decimated OPEC's income and member countries
seem to be suffering the worst as the demand for crude has
slowed down in the face of the global economic down turn.
At its meeting in Falls in demand in the At
present the Ministry of Mines and Energy would like to pass
the benefit of over recoveries accrued during November 2008
in the local market to the consumers. Thus,
the present
The
new 95
Octane Unleaded Petrol -
N$6.37 per liter ERKKI NGHIMTINA, MP MINISTER Government Gazzette List Update 12/11/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 12/11/08 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Wednesday the 12th November 2008. During
the month of October 2008, the market experienced a strengthened
average exchange rate of the N$/US$ coupled with the sharp decline in
crude oil prices from over US$ 95 to below US$ 62 per barrel. 93
Octane Lead Replacement Petrol - decreased by 60 c/l (retail) The new Walvis Bay pump prices will then be: 95 Octane Unleaded Petrol- N$ 7.83 per liter Pump
prices at various inland destinations countrywide will also be changed
accordingly. Government Gazzette List Update 17/10/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 15/10/08 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Wednesday the 15th October 2008. During
the month of September 2008, the market experienced a strengthened
average exchange rate of the R /US$ coupled with the sharp decline in
crude oil prices from over US$ 110 to below US$ 88 per barrel. The
price of crude oil dropped below $ 100 a barrel during September 2008
as the result of the slowing economy in United State and planned to
halt imports of selected products in September to draw down stocks
built up before the Olympics in China bringing the slowdown in world
petroleum demand. 93
Octane Lead Replacement Petrol - decreased by 50 c/l (retail) The new Walvis Bay pump prices will then be: 95
Octane Unleaded Petrol -N$ 8.45 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. ERKKI
NGHIMTINA, MP Government Gazzette List Update 17/09/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 17/09/08 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Wednesday the 17th September 2008. During the month of August 2008,the market experienced a strengthened average exchange rate of the R /US$ coupled with the sharp decline in crude oil prices from over US$ 130 to below US$ 110 per barrel. Crude prices dropped to a 5-month low of US$105.46/bbl before closing a little under US$110/bbl on indications of little disruption by Hurricane Gustav to oil and gas operations in the Gulf of Mexico and along the US Gulf Coast. However, oil prices continue to slide as the market regains its composure in the wake of Hurricane Gustav. Although still near historical highs, the price of crude oil in world markets is down sharply from a record US$147/bbl in early July 2008, primarily due to declining global demand for crude because of economic weakness in the US and Europe. The much dreaded Hurricane Gustav has failed to inflict much damage on the oil facilities in the Gulf Coast earlier this week but it had managed to take more refining capacity offline than production and this will translate in a higher rate of stock build-up culminating into reduced crude oil prices in the markets. Reasoning based on the abovementioned
factors, it is apparent that crude oil prices will remain volatile and
necessary precaution and due diligence need to be exercised in
reviewing fuel prices to avoid a negative effect on the economy. 93 Octane Lead Replacement Petrol
- decreased by 50 c/l (retail) The new Walvis Bay pump prices will then be: 93 Octane Lead Replacement Petrol
N$ 8.93 per liter Pump prices at various inland
destinations countrywide will also be changed accordingly. Government Gazzette List Update 13/08/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 12/08/08 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Wednesday the 13th August 2008. During
the month of July 2008, the market experienced a strengthened average
exchange rate of the R / US$ coupled with the sharp decline in crude
oil prices from over US$ 130 to below US$ 124 per barrel. Oil prices
have also fallen to a six week low as US energy demand fell and a
hurricane in the Gulf of Mexico appeared to be missing oil facilities.
Petrol consumption in the US is 2.2% below levels due to the ongoing
distress of the American economy. The aforementioned factors suppressed
the demand, resulting in stock accumulation and reduces crude prices in
the market. 93
Octane Lead Replacement Petrol - decreased by 30 c/l (retail) The new Walvis Bay pump prices will then be: 93
Octane Lead Replacement Petrol N$ 9.43 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. ERKKI
NGHIMTINA, MP Government Gazzette List Update 08/07/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 08/07/08 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Tuesday the 08th July 2008. The international market has witnessed a significant increase in world oil prices to date as oil prices maintained its bullish upward trajectory for the past six months setting a new record of above US$142 a barrel. The
average Rand /US Dollar exchange rate continued to depreciated thus
affecting the unit under recovery negatively which then led to
continuous under recoveries being experienced in the local market. In
the Namibian case the situation contributed to the import parity being
negatively affected leading to high under-recoveries experienced in the
local market which necessitates the upward adjustment of fuel prices. This gives the indication that the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows: 93
Octane Lead Replacement Petrol - increased by 75 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93 Octane Leaded Replacement Petrol - N$ 9.73 per liter Fuel
prices as at the selected destinations in Namibia will then be as
follows:
The Ministry has taken note of the fact that issues related to fuel price increases are very sensitive to the wider public and can cause unnecessary volatility in the economy, however, it is a fact that Namibia neither produces nor refines oil of its own therefore this places us at the mercy of oil producing countries as we have no influence on fuel prices. It should be emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighboring states to be fair in respect of pricing mechanisms used. However, in a politically volatile world and with little surplus capacity left, Namibian consumers are forewarned that they will have to anticipate for difficult times ahead and dig deeper in their pockets as the international crude prices continue to soar culminating in oil price shocks worldwide.
Government Gazzette List Update 20/06/08 The Ministry of Mines and Energy (MME) invites Consulting Firms, Consultant Consortiums and Individual Consultants to provide legal and technical advice, review, finalize the Draft Minerals Bill and draft all relevant regulations. a)
The Consulting Team must have relevant legal background or legal
drafting experience together with a technical background in mining and
or mineral exploration. The detailed TOR and other further information will be forwarded only to those selected Firms and Consultants. Expression of interest can be posted or hand delivered to the Directorate of Mines at the address below on or before 11 July 2008, 17:00. No faxes will be considered. Att:
Mr. Erasmus Shivolo Only selected Firms, Consortiums and Individual Consultants will be contacted and submitted documents will not be returned for unsuccessful submissions. Preference
will be given to submissions with local content and with regards to
Affirmative Action.For Further information, kindly direct your queries
to: 2) Ms H. Itamba, Tel: 061-284 8162 Government Gazzette List Update 09/06/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 09/06/08 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Monday the 09th June 2008. The
average Rand /Us Dollar exchange rate continued to depreciate thus
affecting the unit over / under recovery negatively which then led to
continuous under recoveries being experienced in the local market. In a Namibian case the situation contributed to the import parity being negatively affected leading to the under-recoveries experienced in the local market which necessitate the upward adjustment of fuel prices. The aforementioned under -recoveries experienced on the fuel prices as at the end of May 2008 will impact heavily on the cumulative slate account, consequently putting the National Energy Fund under immense pressure to compensate the under recoveries while subsidizing the fuel transportation to the far remote areas. Efforts were made for the past months not to pass the whole burden to the consumers, thus a certain portion of the increasing under recoveries were carried by the National Energy Fund. Currently the National Energy Fund is not in the position to cushion increasing fuel prices therefore the fuel prices have to be adjusted with the full margin of the under recoveries to accommodate related increased cost and that translate into consumers bearing the full cost burden. This gives the indication that the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows: 93
Octane Lead Replacement Petrol - increased by 50 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93 Octane Leaded Replacement Petrol - N$ 8.98 per liter Fuel prices as at the selected destinations in Namibia will then be as follows:
The Ministry has taken note of the fact that issues related to fuel price increase are very sensitive to the wider public and can cause unnecessary volatility in the economy; however, it is a fact that Namibia is a price taker. The fact that Namibia imports most of her fuel products from South Africa made it more imperative to compare the fuel prices between the two countries as being depicted in the Table 1 below. TABLE1. COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA (WINDHOEK) AND SOUTH AFRICA (GAUTENG) May 2008
It is evident that for the month of June 2008, Unleaded Petrol and Lead Replacement Petrol will be more than 60 cents cheaper in Namibia compared to South Africa, while the Diesel price will be 4 cents higher in Namibia. It should be emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighboring states to be fair in respect of pricing mechanisms used. However, in a politically volatile world and with little surplus capacity left, Namibian consumers are forewarned that they will have to anticipate difficult times ahead and dig deeper into their pockets as the international crude prices continue to soar. ERKKI
NGHIMTINA, MP Government Gazzette List Update 14/05/08
Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 14/05/08 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Thursday the 15th May 2008. Since
the beginning of this year, the average Rand /US$ Dollar exchange rate
continued to depreciate thus affecting the unit over /under-recovery
negatively which then lead to continuous under recoveries being
experienced in the local market. The aforementioned under -recoveries experienced on the fuel prices at the end of April 2008 will impact heavily on the cumulative slate account, consequently putting the National Energy Fund under immense pressure to compensate the under-recoveries while subsidizing the fuel transportation to the far remote areas. Efforts were made for the past couple of months not to pass on the whole burden to the consumers, thus a certain portion of the under recoveries were carried by the National Energy Fund. Currently the National Energy Fund is not in the position to cushion increasing fuel prices therefore the fuel prices have to be adjusted with the full margin of the under-recoveries to accommodate related cost increases and consumers will have to bear the full cost. Therefore, the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows: 93
Octane Lead Replacement Petrol - increased by 44 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93
Octane Leaded Replacement Petrol - N$ 8.48 per liter Fuel prices at selected destinations in Namibia will then be as follows: Table: 1
The Ministry has taken note of the fact that issues related to fuel price increases are very sensitive to the wider public and can cause unnecessary volatility in the economy, however, it is a fact that Namibia neither produces nor refines oil of its own therefore this places us at the mercy of oil producing countries as we have no influence on fuel prices. The
fact that Namibia imports most of her fuel products from South Africa
makes it more imperative to compare fuel prices between the two
countries as depicted in Table 2 below.
It is evident that for the month of May 2008, Unleaded Petrol 95 and Lead Replacement Petrol 93 will be more than 60 cpl cheaper in Namibia compared to South Africa, while Diesel will be 5 cpl cheaper in Namibia. It should be emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighboring states to be fair in respect of pricing mechanisms used. However, in a politically volatile world and with little surplus capacity left, Namibian consumers are forewarned that they may have to anticipate difficult times ahead and dig deeper in their pockets as the international crude prices continue to soar. ERKKI
NGHIMTINA, MP Government Gazzette List Update 21/04/08
Fuel Price Revision of the Controlled
Petroleum Products: Petrol and Diesel 09/04/08 The
international crude oil price continued to rise as the US dollar
strengthened against the Rand causing the average Rand /Us Dollar
exchange rate to depreciate thus affecting the unit over /under
recovery negatively. This gives the indication that the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows: 93
Octane Lead Replacement Petrol - increased by 50 c/l (retail)
93
Octane Leaded Replacement Petrol - N$ 8.04 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. The fact that Namibia imports most of her fuel products from South Africa made it more imperative to compare the fuel prices between the two countries as depicted in the Tabel.1 below TABLE 1 COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA AND SOUTH AFRICA APRIL 2008
It is evident that for the month of April 2008, unleaded petrol and diesel will be 7.5% and 1.5% higher in South Africa than in Namibia. The Namibian consumers are reaping the benefits of lower prices of unleaded petrol and diesel in the Namibian fuel market compared to the South African consumers. It
should be highly emphasized that although the Ministry endeavors to
keep fuel prices to the bare minimum as it has such a huge impact on
the economy of the country, it will harmonize fuel prices with
neighboring states to be fair in respect of pricing mechanisms used. In
a politically volatile world, Namibian consumers are forewarned that
they will have to prepare for the unanticipated changes due to
volatility in oil prices in the global market. Public Invitation - "Nuclear Energy for Socio-Economic Development" 26/03/08 Professor Monish Gunawardana will be presenting his public lecture to the Hon. Minister of Mines & Energy Erkki Nghimtina on Nuclear Energy/Power and the public at large including the media on:- Date:
03 April 2008 Prof. Gunawardana is the Dean of HIV/Aids Faculty and Advisor to the University of Namibia and served as the founding Dean of HIV/AIDS since 2000. He has written several articles on Nuclear and Renewable Energy. Prof. Gunawardana conducted several research which includes Growth Economics, Information Technology amongst others. Government Gazzette List Update 14/03/08
Fuel Price Revision of the Controlled
Petroleum Products: Petrol and Diesel 14/03/08 Oil
prices continue to climb as the US dollar strengthened against the Rand
causing the average Rand /Us Dollar exchange rate to depreciate thus
affecting the unit over /under recovery negatively. This gives the indication that the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows:
TransNamib has increased the rail and road tariffs for bulk fuel transportation with the maximum increase amounting to 7 c/l in transportation cost. Vehicle mass distance charges have also been introduced to most of the destinations around the country with very few destinations’ transport cost increases ranging from 3-7 c/l. Thus, the new Walvis Bay pump prices will be: 93
Octane Leaded Replacement Petrol - N$ 7.54 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. The fact that Namibia imports 50% of her fuel products from South Africa made it more imperative to compare the fuel prices between the two countries as being depicted in the Tabel.1 below TABLE 1 COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA AND SOUTH AFRICA MARCH 2008
The above comparison indicates that for the month of March 2008, unleaded petrol will be 5.9%, cheaper in Namibia than in South Africa while Diesel will be 1.7% higher in Namibia than in South Africa .The Namibian consumers are reaping the benefits of lower unleaded petrol prices compared to the South African consumers. It should be highly emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighboring states to be fair in respect of pricing mechanisms used. In a politically volatile world, Namibian consumers are forewarned that they will have to prepare for the unanticipated changes due to volatility in oil prices in the global market. ERKKI
NGHIMTINA, MP
Fee Schedule now avalable online 15/02/08 The Directorate of Mines has made the Fee Schedule available online. It can be accessed on the forms page of the Directorate of Mines web section. Government Gazzette List Update 12/02/08
Fuel Price Revision of the Controlled
Petroleum Products: Petrol and Diesel 12/02/08 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Friday the 15th February 2008. During the month of January through to February 2008, the average Namibia Dollar to US Dollar exchange rate weakened whereby the US Dollar strengthened against the Namibian Dollar for the month of February 2008. The
period of December 2007 through to February 2008 saw the crude oil
markets being overwhelmed by surging crude prices escalating to 98-100
US$ per barrel. This situation of surging crude oil prices and the
appreciation of the US$ currency has rendered the crude markets to
remain more tight and bullish making it more difficult for non-oil
producing countries and their economies. In a Namibian case this
situation contributed to the import parity being negatively affected
leading to the under recoveries experienced in the local market which
necessitates the upward adjustment of fuel prices. This led to the situation where the present pump prices for the controlled petroleum products, Petrol and Diesel, are low compared to the import parity prices and are to be adjusted as follows: 93
Octane Lead Replacement Petrol -increased by 22 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93
Octane Leaded Replacement Petrol - N$ 7.23 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. The Ministry would like to sensitize the consumer that with the US$ currency appreciating, Namibia as a non oil producing country will be faced with an enormous hurdle in terms of rising fuel prices and other commodities as a result. Thus, it is imperative to forewarn the consumers to economize and brace themselves for the unforeseeable difficult times ahead. ERKKI
NGHIMTINA, MP Fuel Price Revision of the Controlled
Petroleum Products: Petrol and Diesel 23/07/07 During the month of June through to the beginning of July 2007, the crude oil market has been besieged by surging crude prices escalating to 78-80 U$ per barrel. This situation of surging crude oil prices has rendered the crude markets to remain more tight and bullish making it more difficult for non oil producing countries and their economies. In a Namibia case this situation has contributed to the import parity being negatively affected leading to the under recoveries experienced in the local market which necessitates for upward adjustment of fuel prices. It is
also worth noting that the recent increase in the petroleum products
are being driven by strong oil demand growth in the worldwide as well
as increased speculation in the futures market including the loss of
Nigerian production of crude oil. This has left crude markets
vulnerable to surging prices. These factors are impacting on the import
parity in a way that higher margins of under/over recoveries are being
recorded in our local market. 93
Octane Lead Replacement Petrol -increased by 27 c/l (retail) Inclusive
in the fuel price increase will be the following adjustments to the
following government imposed levy within the fuel price structure: Thus, the new Walvis Bay pump prices will be: 93
Octane Leaded Replacement Petrol - N$ 6.89 per liter Pump
prices at various inland destinations countrywide will also be changed
accordingly. Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 22/03/07 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Tuesday the 27th March 2007. During the period of January through to February 2007, the
average Namibia Dollar to US Dollar exchange rate weakened slightly
whereby the US Dollar strengthened against the Namibian Dollar for the
month of February 2007. At present the Ministry of Mines and Energy would like to pass the benefit of over recoveries accrued during February 2007 in the local market onto the consumers to ease the burden imposed on them. Thus, the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are to be reduced as follows: 93 Octane Lead Replacement Petrol - decreased by 14
c/l (retail) The new Walvis Bay pump prices will then be: 93 Octane Lead Replacement Petrol N$ 5.66 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. JOSEPH S. IITA MME Strategic
Plan 2007/11 22/03/07 Current Licenses
Update 01/03/07 International
Seminar on MINING INVESTMENT POLICY FOR BASE METALS IN SOUTHERN AFRICA
to be held in WINDHOEK, 3 – 7 JUNE 2007 Angola, Botswana, Democratic Republic of Congo, Mozambique,
Namibia, South Africa, Tanzania, Zambia and Zimbabwe. Read more about the event in this Promotional Flyer. Signing of a new five-year diamond deal between
Government and De Beers 30/01/07 Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 19/01/07 The Ministry of Mines and Energy has to announce the fuel price decrease at 00h01 on Friday the 19th January 2006. The changes in crude oil prices and fluctuations in the value of the US Dollar against other major currencies play a very important role in determining the fuel price at the pump. During the month of December 2006,despite the weakened
average exchange rate of the 93 Octane Lead Replacement Petrol - decreased by 22
c/l (retail) *Take note that TransNamib has increased the rail and road tariffs for bulk fuel transportation with 8% amounting to 2 c/l increase in transportation cost in most of the localities around the country with very few localities’ transport cost ranging from 3-4 c/l. In effect from the present fuel price decrease, the motorist will obtain a 20 c/l and 10 c/l benefit on both petrol grades and diesel respectively Thus, the new Walvis Bay pump prices will be: 93 Octane Leaded Replacement Petrol - N$ 5.80 per
liter Pump prices at various inland destinations countrywide will
also be changed accordingly. List of pending mineral licence applications and granted mineral licences as on 15/01/2007 A list of pending mineral licence applications and granted
mineral licences as on List of pending mineral licence applications and granted mineral licences as on 09/01/2007 A list of pending mineral licence applications and granted
mineral licences as on Current Licenses Map Update 08/01/2007 A .pdf map of current licenses (888KB) can be downloaded here. Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 14/12/06 The Ministry of Mines and Energy has to announce the fuel price decrease at 00h01 on Thursday the 14th December 2006. During the period of November 2006, the average Namibia
Dollar to US Dollar exchange rate weakened slightly whereby the US
Dollar has strengthened against the Namibian Dollar for the month of
September through to November 2006. At present the Ministry of Mines and Energy would like to pass the benefit of over recoveries accrued during November 2006 in the local market onto the consumer to ease the burden imposed on them. Thus, the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are to be reduced as follows: 93 Octane Lead Replacement Petrol - decreased by 30
c/l (retail) Inclusive in the fuel price decreases will be the following
adjustments to various elements within the fuel price structure: - * Take note that the fuel pump price had been effectively reduced with 14 c/l and 9 c/l on both petrol grades and diesel respectively The new Walvis Bay pump prices will then be: 93 Octane Leaded Replacement Petrol N$ 6.02 per liter Pump prices at various inland destinations countrywide will
also be changed accordingly. Fuel Price
Revision of the Controlled Petroleum Products: Petrol and Diesel
07/11/06 During the period of October 2006, the average Namibia Dollar
to US Dollar exchange rate weakened slightly whereby the US Dollar has
strengthened against the Namibian Dollar for the month of September
through to October 2006. Reasoning based on the abovementioned factors, it is apparent that crude oil prices will remain volatile and any little imbalance can result in large swings in crude prices. At present the Ministry of Mines and Energy will keep fuel prices at current levels despite the over- recovery realized in the local market. It is also worthwhile to wait and analyze what will happen after the OPEC call to curtail crude supply which might push up crude prices to the margins of US$ 70 per barrel. The present Walvis Bay fuel pump price as well as other destinations countrywide fuel pump prices for controlled petroleum products, petrol and diesel will therefore remain as announced on 18th October 2006. Walvis Bay fuel pump prices will be as follows: 93 Octane Leaded Replacement Petrol N$ 6.16 per liter Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 16/08/2006 The Ministry of Mines and Energy has to announce a fuel price increase to come into effect at 00h01 on Friday the 18th August 2006. The international crude oil price reached a record high which is between US$ 75 and 78 per barrel since violence escalated in the Middle East. The Namibian fuel pump price increase is necessitated by Namibian Dollar depreciation against the US Dollar, increases in the international crude oil price and the under-recovery experienced in the local market. It is worth noting that, at present the world is faced by a demand-driven, supply-constrained system in the fuel market. The crude oil prices are being determined and driven by expectations of continuing economic growth driving the demand for fuels (in China) coupled with fears of future supply disruption due to geo-politics (Middle East) or natural disasters (hurricanes in the USA) in an environment of low surplus capacity. These factors led to the situation where the Namibian consumers were paying (82.871), (81,778), and (92,755) cents less for a liter of unleaded petrol, lead replacement petrol and diesel respectively as of 1st – 23rd July 2006 and after the increase on the 24th July 2006 (47.871), (46.778) and (57.755) cents respectively. Thus, it necessitates an increase in fuel prices again in order to correct the shortfall. The present Walvis Bay fuel pump price for controlled petroleum products, petrol and diesel will therefore be changed as follows: Lead Replacement Petrol (LRP) 93 is increasing by 50
c / l (retail) The new Walvis Bay pump price will be: Lead Replacement Petrol 93 – N$ 6.42 per liter The fuel prices at selected destinations in Namibia will then be as follows:
As Namibia imports most of her fuel requirements from South Africa, it will be a good practice to compare fuel prices between the two countries as depicted below in Table 1: Table 1
It is evident that for the month of July 2006 only, unleaded petrol and lead replacement petrol were 6% and 2.9% higher respectively in South Africa than in Namibia, which makes the Namibian consumer better off than the southern neighbour. It therefore means that the Ministry of Mines and Energy as the custodian of setting fuel prices in Namibia has the responsibility to cope with all the international crude oil changes, the Namibia Dollar / US Dollar exchange rate fluctuations and also pressures for internal increases on fuel price elements. It should be emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighbouring states to be fair in respect of pricing mechanisms used. In a politically volatile world and with little surplus capacity left, Namibian consumers are forewarned that they will have to dig deeper in their pockets due to increasing oil prices in the global market. ERRIK NGHIMITINA, MP Current Licenses Map Update 01/08/2006 A .pdf map of current licenses (704KB) can be downloaded here. HIV / AIDS Information Sharing Day held on the 20th July 2006 26/07/2006 A short description of the HIV / AIDS Information Sharing Day held recently (116KB) can be downloaded here. Current Licenses Map Update 13/07/2006 A .pdf map of current licenses (1.04 MB) can be downloaded here. Controlled Petroleum Products : Price Revisions in Namibia 14/06/2006 A List of the Controlled Petroleum Product Price Revisions in
Fuel Price Revision of the
Controlled Petroleum Products: Petrol and Diesel The present Walvis Bay fuel pump prices for controlled petroleum products, petrol and diesel will therefore be changed as follows: Lead Replacement Petrol (LRP) 93 is increasing by 12 c/l
(retail) The new Walvis Bay pump prices will be as follows: Lead Replacement Petrol 93 - N$ 5.37 per
liter Pump prices at inland destinations countrywide will also be changed accordingly. Due to the prevailing situation of the cumulative slate under-recovery in the local market, the Ministry is left with no option but to increase the price of Lead Replacement Petrol 93 and Unleaded Petrol 95 with 12 c/l respectively and the price of Diesel with 21 c/l. All pump prices in the entire country should be adjusted
accordingly at the stipulated time and the public should be on the
lookout that they are paying the correct price as gazetted.
Current Licenses Update 05/07/07 Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 28/06/07 The Ministry of Mines and Energy has to announce a fuel price increase at 00h01 on Friday the 29th June 2007. The
month of May 2007, the average Rand /Us Dollar exchange rate has
depreciated thus affecting the unit over /under recovery negatively
which then lead to under recoveries being experienced in the local
market. This
gives the indication that the present Walvis Bay fuel pump prices for
the controlled petroleum products, Petrol and Diesel, are low and are
to be adjusted as follows: Thus,
the new Walvis Bay pump prices will be: Pump prices at various inland destinations countrywide will also be changed accordingly. As
Namibia imports most of her fuel requirements from South Africa, it is
deemed to be a good practice to compare fuel prices between the two
countries as depicted below in TABLE1. COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA (WINDHOEK) AND SOUTH AFRICA (GAUTENG) June 2007
From the compilation above it is evident that for the month of June 2007, Unleaded Petrol and Lead Replacement Petrol will be 5.8% and 2.4 % higher in South Africa than in Namibia, while Diesel will be 5 1% higher in Namibia than in South Africa though it is cheaper in Namibia compared to petrol. It should be highly emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighboring states to be fair in respect of pricing mechanisms used. In a politically volatile world, Namibian consumers are forewarned that they will have to prepare for the unanticipated changes due to volatility in oil prices in the global market. ERKKI
NGHIMTINA, MP International
Seminar on MINING INVESTMENT POLICY FOR BASE METALS IN SOUTHERN AFRICA
was held in WINDHOEK on the 3 – 7 JUNE 2007 Angola, Botswana, Democratic Republic of Congo, Mozambique,
Namibia, South Africa, Tanzania, Zambia and Zimbabwe. Read
more about the event: Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 08/05/07 The Ministry of Mines and Energy has to announce a fuel price Increase at 00h01 on Thursday the 10th May 2007. During the period of March through to April 2007, the average
Rand /Us Dollar exchange rate have weakened thus affecting the unit
over /under recovery negatively which then lead to under recoveries
being experienced in the local market. Despite the recent increases in the international crude oil prices, prices are being driven by strong demand of which about one-half of the projected growth in the world oil consumption will come from China and the United States. This has impacted on the Import parity where a higher margin of under recoveries has been recorded in the local market for the period under review. This then gives the indication that the present Walvis Bay
fuel pump prices for the controlled petroleum products, Petrol and
Diesel, are low and are to be adjusted as follows:
93 Octane Leaded Replacement Petrol - N$ 6.37 per
liter Pump prices at various inland destinations countrywide will also be changed accordingly. As Namibia imports 100% of her fuel requirements from South
Africa, it is deemed to be a good practice to compare fuel prices
between the two countries as depicted below in TABLE1. COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA (WINDHOEK) AND SOUTH AFRICA (GAUTENG) May 2007
It is evident that for the month of May 2007, Unleaded Petrol and Lead Replacement Petrol will be 6.3% and 7.8 % higher in South Africa than in Namibia, while and Diesel will be 5 % higher in Namibia than in South Africa. It should be emphasized that although the Ministry endeavors
to keep fuel prices to the bare minimum as it has such a huge impact on
the economy of the country it will harmonize fuel prices with
neighboring states to be fair in respect of pricing mechanisms used. In
a politically volatile world, Namibian consumers are forewarned that
they will have to prepare for the unanticipated changes due to
volatility in oil prices in the globalized market. Current Licenses Update 05/05/07 Current License Map List of Claims List of Mining licences List of EPLs List of ERLs List of MDRLs A printout of the current license map and lists can be ordered from the GSN Library and Sales Division for N$143.00. Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 16/04/07 The Ministry of Mines and Energy has to announce a fuel price Increase at 00h01 on Thursday the 19th April 2007. During
March 2007, the average Rand /Us Dollar exchange rate have weakened
thus affecting the unit over /under recovery negatively which then lead
to under recoveries being experienced in the local market. This gives the indication that the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are low and are to be adjusted as follows: 93
Octane Lead Replacement Petrol - increased by 50 c/l (retail) Thus, the new Walvis Bay pump prices will be: 93
Octane Leaded Replacement Petrol - N$ 6.16 per liter Pump
prices at various inland destinations countrywide will also be changed
accordingly. As
Namibia imports most of her fuel requirements from South Africa, it is
deemed to be a good practice to compare fuel prices between the two
countries as depicted below in TABLE1. COMPARISON OF FUEL PUMP PRICES BETWEEN NAMIBIA (WINDHOEK) AND SOUTH AFRICA (GAUTENG), April 2007
It is
evident that for the month of April 2007, Unleaded Petrol and Lead
Replacement Petrol will be 1.1% and 3.1 % higher in South Africa than
in Namibia, while and Diesel will be It
should be emphasized that although the Ministry endeavors to keep fuel
prices to the bare minimum as it has such a huge impact on the economy
of the country it will harmonize fuel prices with neighboring states to
be fair in respect of pricing mechanisms used. In a politically
volatile world, Namibian consumers are forewarned that they will have
to prepare for the unanticipated changes due to volatility in oil
prices in the global market. Current Licenses
Update 12/04/07 Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 22/03/07 The Ministry of Mines and Energy has to announce a fuel price decrease at 00h01 on Tuesday the 27th March 2007. During the period of January through to February 2007, the
average Namibia Dollar to US Dollar exchange rate weakened slightly
whereby the US Dollar strengthened against the Namibian Dollar for the
month of February 2007. At present the Ministry of Mines and Energy would like to pass the benefit of over recoveries accrued during February 2007 in the local market onto the consumers to ease the burden imposed on them. Thus, the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are to be reduced as follows: 93 Octane Lead Replacement Petrol - decreased by 14
c/l (retail) The new Walvis Bay pump prices will then be: 93 Octane Lead Replacement Petrol N$ 5.66 per liter Pump prices at various inland destinations countrywide will also be changed accordingly. JOSEPH S. IITA MME Strategic
Plan 2007/11 22/03/07 Current Licenses
Update 01/03/07 International
Seminar on MINING INVESTMENT POLICY FOR BASE METALS IN SOUTHERN AFRICA
to be held in WINDHOEK, 3 – 7 JUNE 2007 Angola, Botswana, Democratic Republic of Congo, Mozambique,
Namibia, South Africa, Tanzania, Zambia and Zimbabwe. Read more about the event in this Promotional Flyer. Signing of a new five-year diamond deal between
Government and De Beers 30/01/07 Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 19/01/07 The Ministry of Mines and Energy has to announce the fuel price decrease at 00h01 on Friday the 19th January 2006. The changes in crude oil prices and fluctuations in the value of the US Dollar against other major currencies play a very important role in determining the fuel price at the pump. During the month of December 2006,despite the weakened
average exchange rate of the 93 Octane Lead Replacement Petrol - decreased by 22
c/l (retail) *Take note that TransNamib has increased the rail and road tariffs for bulk fuel transportation with 8% amounting to 2 c/l increase in transportation cost in most of the localities around the country with very few localities’ transport cost ranging from 3-4 c/l. In effect from the present fuel price decrease, the motorist will obtain a 20 c/l and 10 c/l benefit on both petrol grades and diesel respectively Thus, the new Walvis Bay pump prices will be: 93 Octane Leaded Replacement Petrol - N$ 5.80 per
liter Pump prices at various inland destinations countrywide will
also be changed accordingly. List of pending mineral licence applications and granted mineral licences as on 15/01/2007 A list of pending mineral licence applications and granted
mineral licences as on List of pending mineral licence applications and granted mineral licences as on 09/01/2007 A list of pending mineral licence applications and granted
mineral licences as on Current Licenses Map Update 08/01/2007 A .pdf map of current licenses (888KB) can be downloaded here. Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 14/12/06 The Ministry of Mines and Energy has to announce the fuel price decrease at 00h01 on Thursday the 14th December 2006. During the period of November 2006, the average Namibia
Dollar to US Dollar exchange rate weakened slightly whereby the US
Dollar has strengthened against the Namibian Dollar for the month of
September through to November 2006. At present the Ministry of Mines and Energy would like to pass the benefit of over recoveries accrued during November 2006 in the local market onto the consumer to ease the burden imposed on them. Thus, the present Walvis Bay fuel pump prices for the controlled petroleum products, Petrol and Diesel, are to be reduced as follows: 93 Octane Lead Replacement Petrol - decreased by 30
c/l (retail) Inclusive in the fuel price decreases will be the following
adjustments to various elements within the fuel price structure: - * Take note that the fuel pump price had been effectively reduced with 14 c/l and 9 c/l on both petrol grades and diesel respectively The new Walvis Bay pump prices will then be: 93 Octane Leaded Replacement Petrol N$ 6.02 per liter Pump prices at various inland destinations countrywide will
also be changed accordingly. Fuel Price
Revision of the Controlled Petroleum Products: Petrol and Diesel
07/11/06 During the period of October 2006, the average Namibia Dollar
to US Dollar exchange rate weakened slightly whereby the US Dollar has
strengthened against the Namibian Dollar for the month of September
through to October 2006. Reasoning based on the abovementioned factors, it is apparent that crude oil prices will remain volatile and any little imbalance can result in large swings in crude prices. At present the Ministry of Mines and Energy will keep fuel prices at current levels despite the over- recovery realized in the local market. It is also worthwhile to wait and analyze what will happen after the OPEC call to curtail crude supply which might push up crude prices to the margins of US$ 70 per barrel. The present Walvis Bay fuel pump price as well as other destinations countrywide fuel pump prices for controlled petroleum products, petrol and diesel will therefore remain as announced on 18th October 2006. Walvis Bay fuel pump prices will be as follows: 93 Octane Leaded Replacement Petrol N$ 6.16 per liter Fuel Price Revision of the Controlled Petroleum Products: Petrol and Diesel 16/08/2006 The Ministry of Mines and Energy has to announce a fuel price increase to come into effect at 00h01 on Friday the 18th August 2006. The international crude oil price reached a record high which is between US$ 75 and 78 per barrel since violence escalated in the Middle East. The Namibian fuel pump price increase is necessitated by Namibian Dollar depreciation against the US Dollar, increases in the international crude oil price and the under-recovery experienced in the local market. It is worth noting that, at present the world is faced by a demand-driven, supply-constrained system in the fuel market. The crude oil prices are being determined and driven by expectations of continuing economic growth driving the demand for fuels (in China) coupled with fears of future supply disruption due to geo-politics (Middle East) or natural disasters (hurricanes in the USA) in an environment of low surplus capacity. These factors led to the situation where the Namibian consumers were paying (82.871), (81,778), and (92,755) cents less for a liter of unleaded petrol, lead replacement petrol and diesel respectively as of 1st – 23rd July 2006 and after the increase on the 24th July 2006 (47.871), (46.778) and (57.755) cents respectively. Thus, it necessitates an increase in fuel prices again in order to correct the shortfall. The present Walvis Bay fuel pump price for controlled petroleum products, petrol and diesel will therefore be changed as follows: Lead Replacement Petrol (LRP) 93 is increasing by 50
c / l (retail) The new Walvis Bay pump price will be: Lead Replacement Petrol 93 – N$ 6.42 per liter The fuel prices at selected destinations in Namibia will then be as follows:
As Namibia imports most of her fuel requirements from South Africa, it will be a good practice to compare fuel prices between the two countries as depicted below in Table 1: Table 1
It is evident that for the month of July 2006 only, unleaded petrol and lead replacement petrol were 6% and 2.9% higher respectively in South Africa than in Namibia, which makes the Namibian consumer better off than the southern neighbour. It therefore means that the Ministry of Mines and Energy as the custodian of setting fuel prices in Namibia has the responsibility to cope with all the international crude oil changes, the Namibia Dollar / US Dollar exchange rate fluctuations and also pressures for internal increases on fuel price elements. It should be emphasized that although the Ministry endeavors to keep fuel prices to the bare minimum as it has such a huge impact on the economy of the country it will harmonize fuel prices with neighbouring states to be fair in respect of pricing mechanisms used. In a politically volatile world and with little surplus capacity left, Namibian consumers are forewarned that they will have to dig deeper in their pockets due to increasing oil prices in the global market. ERRIK NGHIMITINA, MP Current Licenses Map Update 01/08/2006 A .pdf map of current licenses (704KB) can be downloaded here. HIV / AIDS Information Sharing Day held on the 20th July 2006 26/07/2006 A short description of the HIV / AIDS Information Sharing Day held recently (116KB) can be downloaded here. Current Licenses Map Update 13/07/2006 A .pdf map of current licenses (1.04 MB) can be downloaded here. Controlled Petroleum Products : Price Revisions in Namibia 14/06/2006 A List of the Controlled Petroleum Product Price Revisions in
Fuel Price Revision of the
Controlled Petroleum Products: Petrol and Diesel The present Walvis Bay fuel pump prices for controlled petroleum products, petrol and diesel will therefore be changed as follows: Lead Replacement Petrol (LRP) 93 is increasing by 12 c/l
(retail) The new Walvis Bay pump prices will be as follows: Lead Replacement Petrol 93 - N$ 5.37 per
liter Pump prices at inland destinations countrywide will also be changed accordingly. Due to the prevailing situation of the cumulative slate under-recovery in the local market, the Ministry is left with no option but to increase the price of Lead Replacement Petrol 93 and Unleaded Petrol 95 with 12 c/l respectively and the price of Diesel with 21 c/l. All pump prices in the entire country should be adjusted
accordingly at the stipulated time and the public should be on the
lookout that they are paying the correct price as gazetted.
Fuel Price Revision of the
controlled petroleum products: petrol and diesel The present Walvis Bay fuel pump prices for controlled petroleum products, petrol and diesel will therefore be changed as follows: Lead Replacement Petrol (LRP) 93 is increasing by 8 c/l
(retail) The new Walvis Bay pump prices will be: Lead Replacement Petrol 93 - N$ 5.25 per liter List of fuel prices at various destinations in Namibia will then be as follows:
Due to the prevailing situation of the cumulative slate under-recovery prevailing in the local market, the Ministry is left with no option but to increase the price of Lead Replacement Petrol 93 and Unleaded Petrol 95 with 8 c/l respectively and the price of Diesel with 16 c/l. As usual the Ministry of Mines and Energy is still trying to keep fuel prices at the absolute minimum cost, which should reflect very positively on all commodity prices. The Ministry hereby urges all service stations to adjust their pump prices accordingly at the stipulated time and the public should be on the lookout that they are paying the correct price as gazetted. ERRIK
NGHIMITINA, MP Fuel Price Revision of the
controlled petroleum products: petrol and diesel GOVERNMENT NOTICE "wholesale
distributor" means any person to whom a wholesale licence has been
issued under the Petroleum Products and Energy Act, 1990 (Act No. 13 of
1990), and includes any person who is deemed to be a wholesaler, under
that Act and includes any of the following licensed oil companies or
traders: Reselling
price of petrol Download the Government Gazzette Lists:
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