The Ministry of Industries, Mines and Energy (MIME) has announced that fuel prices will remain unchanged for the month of August 2025.
According to the Ministry, Unleaded Petrol 95 will continue to retail at N$20.37 per litre, Diesel 50ppm at N$19.92 per litre, and Diesel 10ppm at N$20.02 per litre.
MIME said the decision followed a monthly fuel price review which showed mixed movements in international oil markets.
“The international market recorded a 2.27% decline in the average price of petrol, from US$83.92 to US$82.03 per barrel. Conversely, diesel prices increased by 5.03%, from US$88.82 to US$93.31 per barrel, due to tight global supply and steady industrial demand,” the Ministry stated.
MIME noted that the slight strengthening of the Namibia Dollar against the US Dollar helped to cushion the impact of the rising diesel prices.
Executive Director in the Ministry, Moses Pakote, said that despite under-recoveries on diesel, the Ministry had decided to keep prices steady.
“To that end, the Ministry is pleased to announce that the prices of ULP 95 and both diesel grades will remain unchanged for the duration of August 2025. Petrol will be maintained at N$20.37 per litre, Diesel 50ppm at N$19.92 per litre, and Diesel 10ppm at N$20.02 per litre, consistent with the previous period,” he said.
Pakote further explained that an over-recovery of 0.46 cents per litre was recorded for petrol, while under-recoveries of 90.62 cents and 83.86 cents per litre were noted for Diesel 50ppm and Diesel 10ppm respectively.
“To protect consumers from price increases, the National Energy Fund will absorb the estimated N$24.7 million in under-recoveries,” he added.
Pakote said the Ministry would continue to monitor both international and local market developments and adjust prices when necessary “to promote a sustainable and reliable fuel supply for Namibia”.
