VEHICLE owners will be happy to note that as of next week Wednesday, the price of petrol will decrease by 30 cents per litre and diesel will decrease by 20 cents per litre, for the month of December.
According to the Spokesperson of the Ministry of Mines and Energy, Andreas Simon, the new fuel prices in Walvis Bay will be N$11.35 per litre for petrol and N$11.38 per litre for diesel. The prices across the country will also be adjusted accordingly.
“The Ministry further wishes to inform the public that it has resolved to adjust the industry margin on all products for the fuel importers by 5 cents per litre from 103 cents per litre to 108 cents per litre. This adjustment is necessitated after the annual assessment of assets and incomes value levels for the fuel wholesale importers revealed a need for an adjustment. This adjustment is also effective next week Wednesday,” Simon said.