Monday, 2 May 2016

Fuel prices to remain unchanged in Namibia

Fuel prices to remain unchanged in NamibiaThe prices of fuel in NAMIBIA will remain unchanged next month.

This is the THIRD time the cost of petrol and diesel have remained the same this year, especially for FEBRUARY, APRIL and MAY.

State radio, NBC News says in MARCH, both petrol and diesel decreased by 50 cents and 30 cents respectively.

It quotes the Mines and Energy Ministry as attributing the latest status to a relative stability in international oil production.

The average exchange rate over the past month dropped by 80 cents from 15-COMMA-FIVE to 14-COMMA-SEVEN NAMIBIA dollars to the US dollar.

The NAMIBIAN Mines and Energy Ministry says the decrease in the exchange rate has a positive effect on minimizing the under-recoveries recorded this month./Sabanews/cam

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