Fuel prices remain unchanged for February
31 Jan 2019 11:10am
SWAKOPMUND, 31 JAN (NAMPA) The Ministry of Mines and Energy (MME) has announced that petrol and diesel pump prices will remain unchanged for the month of February.
This, according to a media statement issued by Minister Tom Alweendo on Thursday, is due to the fact that internationally, average prices per barrel of refined oil as well as the average exchange rate values have remained stable in the month of December.
Fuel prices have decreased two times over the month of December 2018 and January 2019, which is a situation MME takes pride in.
Locally, the government is committed to maintaining the stability of petrol and diesel prices in the effort to minimise the level of uncertainty involved in conducting all economic activities throughout the whole country, Alweendo expressed.
The ministry had therefore resolved to keep the fuel prices unchanged for the upcoming monthly trading cycle, while it continues to monitor movements of all market indicators that have an influence on the final pump prices paid by consumers.
Walvis Bay pump prices which are currently at N.dollars 12.05 per litre for 95 Octane Unleaded Petrol, N.dollars 13.08 per litre for diesel 500 parts per million and N.dollars 13.13 per litre of diesel 50 parts per million, will therefore remain as is in February.