Kindly be informed that the Ministry of Mines and Energy has resolved to decrease fuel prices for May 2022, as follows:

1. Petrol prices will decrease by 120 cents per litre
2. Diesel prices will decrease with 30 cents per litre

The Government, through the National Energy Fund (NEF) will pay approximately N$51.5 Million for under recoveries recorded. Fuel price adjustments countrywide are expected to come into effect at 00H01 on 5^th of May 2022.

Further to that, the Ministry also confirms the temporarily reduction of the levies imposed on fuel on all products, for a period of three (3) months. Therefore, kindly see the revised provisional figures after factoring in the levy reductions as follows:

- NAMCOR Levy @50%
- RUCs @50%
- Fuel Tax @50%

- MVA Levy@25%

Attached is the Media Release of the Fuel Price Announcement, for your further update, and also find here the link to download the audio version of the fuel prices announcement: https://we.tl/t-sqBfyRUVzK

Download media release