Pump prices unchanged
Fuel pump prices will remain unchanged throughout Namibia for the duration of the month of June. Minister of Industries, Mines and Energy, Modestus Amutse made the announcement on Friday evening (29 May, 2026) in Oshakati.
The minister reassured the nation, “that Namibia currently maintains adequate fuel stocks and that there are no immediate risks of fuel shortages in the country,” he said. “The fuel supply chain remains operational and stable, with sufficient stock-holding levels maintained by oil marketing companies to meet national demand,” he said.
Continuing the status quo from May, petrol still costs N$23,48 per litre in Walvis Bay, while 50ppm diesel costs N$28,26 and 10ppm diesel retails at N$28,36 per litre.
In his announcement Amutse pointed out that countries neighbouring Namibia, including Botswana, South Africa, Zambia, Zimbabwe, Lesotho and Eswatini all charge more for petrol and diesel, with pumps in Zimbabwe dispensing petrol at N$34,73 per litre, and diesel 50ppm at N$34,89 per litre.
The National Energy Fund (NEF) has been deployed to implement, “substantial interventions,” according to the minister, cushioning Namibian customers from the full impact of international oil price shocks, for instance spending N$47,2 million to cover under-recoveries on petrol.
By Saturday evening Amuste issued a follow-up statement to counter what he called misinformation spreading on social media, regarding the government’s emergency arrangements with Vitol for the national supply of petroleum products for the period from July to September.
He said that geopolitical conflict in the Middle East had changed, “the dynamics of the oil market fundamentally, with serious consequences for the trade in petroleum products. In Namibia, we have seen significant increases in pump prices, and the government has had to commit substantial resources, well over N$1 billion, to cushion our people and keep the economy stable.”
The substantial surplus previously built up in the NEF, “is today almost exhausted,” he said.
“It has gone into absorbing the under-recoveries and the premiums charged on top of the Basic Fuel Price, in order to safeguard our security of fuel supply. This situation could not be allowed to continue unchecked.” the minister said.
Following engagement with high commissions and embassies of sister countries, as well as local and international oil companies, “in order to secure affordable fuel free of the additional premiums. The local industry was consulted on several occasions through the Namibian Oil Industry
Association, where the ministry set out its intention to consolidate our national fuel requirement,” he said.
“What set the offer from Vitol apart was that it met the country’s fuel requirement in full: Fuel
supplied at the Basic Fuel Price, with no premium added on top,” Amutse said.
The minister also announced that, “work to finalise the bulk petroleum import coordination regulations is at an advanced stage. These regulations will enable the government to take full coordination of the importation of all petroleum products into Namibia.”
The arrangement with Vitol will bridge the gap until the new regulations come into operation at the end of September 2026, he said. “Should conditions in the international oil market not improve, the government will issue a further round of invitations to suppliers to take part in this initiative,” he said.
