Kindly be informed that the Ministry has resolved to adjust fuel prices for November 2021 as follows:

• Increase petrol prices by 50c/l
• Increase diesel prices by 70c/l
• The effective date is 3 November 2021

Even though, fuel prices are facing an upward adjustment (increase). The Government, through the National Energy Fund (NEF) will cover the entirety of the under-recoveries recorded for the month of October 2021 on behalf of fuel consumers through the fuel equalization levy. This amounts to approximately over N$120 million.

Fuel prices countrywide are expected to be adjusted accordingly. And members of the public are encouraged to report possible breaches to the (Regulator) Ministry of Mines and Energy.

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