Fuel prices to remain unchanged for July 2025

The Ministry of Industries, Mines and Energy announced that fuel prices for all products will remain unchanged for the month of July.


The pump prices at Walvis Bay will thus stay at N$20.37 per litre for Petrol 95, N$19.92 per litre for Diesel 50ppm and N$20.02 per litre for Diesel 10ppm. According to the ministry, the fuel pricing model recorded under-recoveries of -53.01 cents per litre for petrol, -59.79 cents per litre for 50ppm diesel and -53.54 cents per litre for 10ppm diesel. “Despite the under-recoveries recorded, the ministry has decided to provide relief to consumers by keeping fuel prices for all products unchanged until the next review. The National Energy Fund (NEF) will absorb costs of the under-recoveries on behalf of consumers,” said the Ministry of Industries, Mines and Energy executive director and accounting officer, Ben Nangombe.


He added that the ministry is closely monitoring developments in the global market and remains committed to maintaining price stability while safeguarding the interest of consumers. “The current environment remains highly volatile, with persistent geopolitical tensions and rising international oil prices placing continued pressure on domestic fuel pricing.” A combination of international factors contributed to the volatility of oil prices. “These include a sharp rise in crude oil prices driven by geopolitical tensions in the Middle East, particularly the conflict between Israel and Iran in addition to extended OPEC+ supply cuts that further tightened global supply. Freight and shipping costs also increased due to tanker shortages and the re-routing of vessels to avoid conflict zones. Additionally delays in shipments and longer waiting times at ports added to the overall costs. These factors led to higher import parity prices resulting in under-recoveries that negatively affect pump prices,” Nangombe explained.