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