Fuel Price Hike No. 5: 50 Cents/ litre more!

Saturday 19th of August 2006
PLUS-Anja

az. Today fuel prices rise for the fifth time this year. There will be an increase by 50 cents a litre. As the Ministry of Mines and Energy notified, the increase is caused by the record high of oil on international markets which is partly reinduced by the last escalations of violence in the Middle East. In addition the Namibian Dollar is depreciating to the US $ and as a non-oil- producer or refiner, Namibia absolutely is reliant on international oil markets.

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