Fuel prices in Namibia will increase at midnight

As from tomorrow, a litre of petrol will cost N$ 1.40 more. This was announced by the Minister of Industries, Mines and Energy (MIME), Modestus Amutse, today. The price of diesel will increase by N$ 4.63. Therefore, the increases for May are again significantly lower than anticipated (see also report on increase in April).

As in April, the government has decided not to pass on the full cost increase on the global market to consumers. In April, N$805 million was allocated from the National Energy Fund (NEF) to prevent a price shock. An additional N$490 million is expected for May.

According to the statement by Minister Amutse (starting at 5:35), the following prices per litre will apply in May:
Petrol (ULP 95) - N$ 23.48,
Diesel (50 ppm) - N$ 28.26,
Diesel (10 ppm) - N$ 28.36 (1.47 Euro; amount at the current exchange rate; N$1 = ZAR).

The prices stated are for Walvis Bay, where the main depots are located. Inland, prices are correspondingly higher due to the additional transport costs incurred by rail or tanker.

As Amutse pointed out, fuel prices in Namibia are significantly lower than those in neighbouring countries. In South Africa, a litre of petrol would cost on average more than 26 rand (N$) and a litre of diesel more than 31 rand (N$).

No fuel shortage in Namibia

Normally, fuel prices in Namibia are amended at midnight on the first Wednesday of every month. This time, however, the Ministry let the deadline pass. Furthermore, the price adjustment was not announced via a press release, but at a press conference  by the minister called at short notice.

Minister Amutse indirectly addressed the reason: there had been panic buying ahead of the increase at the start of April. Monthly sales had risen by around 30 per cent. Over the next three months, it will be prohibited to fill jerry cans or drums unless one has a special permit.

Amutse assured that the fuel supply in Namibia was secure. There were reserves for three months and the government was looking for alternative sources of supply. Stockpiling was unfounded and would place an unnecessary strain on the economy.

Refuelling in Namibia is getting more expensive tonight (7 May 2026) at midnight: petrol by N$ 1.40 per litre, diesel by N$ 4.63 per litre.  Photo: Sven-Eric Stender