Namibia Cuts Fuel Levies By 50% As Global Oil Prices Surge

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The Namibian government has cut fuel levies by 50 percent for three months as part of a raft of measures to cushion citizens from the impact of rising fuel prices caused by the ongoing Middle East conflict.

The country’s Minister for Industries, Mines and Energy, Modestus Amutse, revealed that the decision was taken by Cabinet in response to extreme volatility in international oil markets.

“The Cabinet has resolved to temporarily reduce the number of levies imposed on fuel by 50% for three months, with effect from 1 April to June 2026.”

Amutse said the intervention was necessitated by a sharp surge in global oil prices during March, driven by escalating geopolitical tensions in the Middle East involving the United States, Israel, and Iran, which have heightened uncertainty and pushed up crude oil and refined fuel costs.

Despite the levy relief, fuel prices will still rise from April, with petrol increasing by N$2.50 per litre and both diesel variants rising by N$4 per litre.


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