Dear Esteemed Stakeholder,

The Ministry would like to communicate its February 2025 fuel price review decision as follows:

That the Ministry recorded:

1.       under-recoveries of 82.072 cents per litre for petrol

2.       under-recoveries of 175.042 cents per litre for 50ppm diesel

3.       under-recoveries of 166.720 cents per litre for 10ppm diesel

Therefore, the Ministry is hereby announcing that petrol prices will increase by 42 cents per litre, while both diesel variants (diesel 50ppm and diesel 10ppm) will increase by 120 cents per litre.

In Walvis Bay, the price of petrol will be N$20.67 per litre, while diesel 50ppm will be N$20.92 per litre, and diesel 10ppm will be N$21.02 per litre. The National Energy Fund will absorb the remaining under-recoveries.

Kindly find the attached detailed release to that effect.

Download media release