The Ministry of Mines and Energy has increased the National Energy Fund Levy by 50 cents on all petroleum products, bringing it to N$186.77 cents per liter for petrol and N$166.76 cents per liter for diesel.
The decision comes as the National Energy Fund absorbs under recoveries worth N$124 million resulting from the Ministry’s move to maintain fuel prices for March 2024 at their current levels.
Consequently, in Walvis Bay, petrol will remain priced at N$20.78 per liter, while diesel 50ppm will cost N$21.05 per liter, and diesel 10ppm will be N$21.25 per liter.
