Namibia will increase fuel prices in December 2025, ending a five-month period of unchanged pump prices, the Ministry of Industries, Mines and Energy has announced.
Announcing the monthly fuel review, the Ministry said the decision follows rising international crude and refined product prices, which outweighed the modest strengthening of the Namibia dollar during the review period.
According to the Ministry, global oil markets have tightened due to geopolitical tensions, limited OPEC+ output growth, refinery disruptions and sanctions on Russian exports, all of which have contributed to reduced global supply. At the same time, demand has strengthened in key consuming economies, including the United States, China and Nigeria.
“Given the above-mentioned factors, the cost of imported fuel increased, contributing to higher pump prices in Namibia for December 2025,” the Ministry said.
The Ministry’s latest calculations show that the average price of Petrol 95 between 1 and 21 November rose by 4.1 percent to US$83.49 per barrel, up from US$80.24 in October. Diesel prices saw sharper increases. Diesel 50ppm averaged US$95.98 per barrel, an 8.3 percent rise from US$88.65 in October, while Diesel 10ppm reached US$96.31 per barrel, also up 8.3 percent from US$88.95.
The Namibia dollar appreciated slightly to an average of N$17.24 per US dollar during the review period, compared with N$17.27 in October. Despite this, the fuel pricing model recorded under-recoveries of 21.21 cents per litre for Petrol 95, 156.51 cents per litre for Diesel 50ppm and 150.11 cents per litre for Diesel 10ppm.
As a result, the Ministry announced increases of 21 cents per litre across all fuel products, effective 3 December 2025. At Walvis Bay, the new pump prices will be N$20.58 per litre for Petrol 95, N$20.13 for Diesel 50ppm and N$20.23 for Diesel 10ppm, with adjustments applied nationwide.
The Ministry said the National Energy Fund will cover the remaining diesel under-recoveries, estimated at N$145.8 million, to cushion consumers from the full impact and safeguard national fuel supply.
“As Namibia remains a net importer of fuel, the Ministry will continue balancing cost recovery with consumer protection to ensure the sustainable supply of petroleum products across the country,” it said.
