The Ministry of Industries, Mines and Energy has confirmed that Namibia’s fuel prices will increase in December 2025, ending a five-month period of unchanged pump prices.
Announcing the monthly fuel review, the Ministry said the increase comes despite a stronger Namibia dollar, with rising global crude and refined product prices outweighing the currency gains.
According to the Ministry, international oil markets have tightened due to geopolitical tensions, limited OPEC+ output growth, refinery disruptions and sanctions on Russian oil exports, all of which have reduced global supply.
At the same time, demand has rebounded in major 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 2025 rose by 4.1% to US$83.49 per barrel, up from US$80.24 in October. Diesel prices increased even more sharply: Diesel 50ppm averaged US$95.98 per barrel, an 8.3% rise from US$88.65 in October, while Diesel 10ppm reached US$96.31 per barrel, also up 8.3% from US$88.95.
The Namibia dollar strengthened slightly during the review period, averaging N$17.24 per US$, a 0.2% appreciation from October’s N$17.27.
Despite the currency gain, 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 has 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 per litre for Diesel 50ppm and N$20.23 per litre for Diesel 10ppm. Pump prices nationwide will be adjusted accordingly.
While motorists will face higher costs, the Ministry said the National Energy Fund (NEF) will absorb the remaining diesel under-recoveries, estimated at N$145.8 million, to shield consumers from the full impact and to maintain the security of 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.
