Namibians will experience a reduction in fuel prices effective 4th June, with the petrol price decreasing by 30 cents per litre.
Both Diesel 50ppm and Diesel 10ppm will drop by 70 cents per litre.
This move aims to ease the financial burden on consumers and reflects changes in the global fuel market.
On 4th June, the new pump prices at Walvis Bay will be 20 dollars and 37 cents per litre for Petrol 95.
Diesel 50ppm will cost 19 dollars and 92 cents per litre, while Diesel 10ppm will be priced at 20 dollars and 02 cents per litre.
Fuel prices in other parts of the country will be adjusted accordingly.
The Ministry of Industries, Mines and Energy states that it will continue to monitor fuel market trends and make necessary adjustments to protect Namibian consumers.