fuel
fuel

Namibia’s Ministry of Mines and Energy announced on Thursday that fuel pump prices for June will remain unchanged in the country.

Minister of Mines and Energy Oberth Kandjoze said in a statement that despite not raising the prices, his ministry in conjunction with the Ministry of Finance has resolved to adjust the Road User Charge on all price regulated petroleum products by 8 Namibian cents per litre from 114 Namibian cents (8.8 U.S. cents) per litre to 122 Namibian cents (9.4 U.S. cents) per litre.

“The increase of the Road User Charge on fuel products is warranted by the need to upgrade and maintain the road network in Namibia,” he said.

Furthermore, the Ministry of Mines and Energy resolved to balance out the Road User Charge increase by decreasing the pump prices of all fuel products by 8 cents per litre.

Meanwhile, earlier in May, Namibia increased road user charges by 7 percent. The increase was a result the annual consistent growth in the vehicle population as well as the natural depreciation of the road infrastructure. Enditem

Source: Xinhua/NewsGhana.com.gh