By Staff Reporter
WINDHOEK — Namibian motorists will pay significantly more at the pumps from next week after the Ministry of Industries, Mines and Energy announced steep increases to petrol and diesel prices for September 2026.
In a media release issued Friday, the Ministry said the price of unleaded petrol 95 (ULP95) will rise by 60 cents per litre, while both grades of diesel — 50ppm and 10ppm — will each jump by 160 cents per litre. The new prices take effect at midnight on 2 September 2026.
At Walvis Bay, the benchmark point from which prices nationwide are calculated, petrol will now cost N$25.08 per litre, Diesel 50ppm will retail at N$27.86 per litre, and Diesel 10ppm will sell for N$27.96 per litre. The Ministry said prices in the rest of the country would be adjusted accordingly.
The increases come despite the fact that all three fuel grades recorded so-called “under-recoveries” during the review period — meaning the actual cost of importing fuel exceeded what was charged at the pump. ULP95 recorded an under-recovery of 68.032 cents per litre, while Diesel 50ppm and Diesel 10ppm recorded under-recoveries of 215.321 and 214.502 cents per litre, respectively.
Adding to the pressure on consumers, the Ministry also announced that the Road User Charge Levy will increase by 30 cents per litre, from 243 to 273 cents per litre, a move it said was necessary to help fund national priority feeder road projects.
Explaining the drivers behind the increases, the Ministry pointed to continued turbulence in international oil markets. Persistent geopolitical tensions in the Middle East and ongoing disruptions to crude oil flows through the Strait of Hormuz kept global supply and shipping conditions under strain throughout the review period. Although Brent crude prices eased somewhat toward the end of the period amid hopes that the Strait might reopen, the Ministry noted that physical oil flows and vessel movements remained heavily constrained, limiting how much of that relief filtered through to delivered petroleum costs.
Tanker freight rates also remained elevated, the Ministry said, as shipowners faced tighter vessel availability, longer voyage distances, and higher risk premiums for operating in and around affected areas.
According to the Ministry’s calculations, the average price of Petrol 95 for the period 1–25 August 2026 stood at USD 122.947 per barrel, a 5.67 percent increase from July’s average of USD 116.803. Diesel 50ppm rose 11.29 percent over the same comparison, from USD 145.298 to USD 161.708 per barrel, while Diesel 10ppm increased 11.42 percent, from USD 145.944 to USD 162.606 per barrel.
The Namibia Dollar offered some counterbalance, strengthening against the US Dollar during the review period. The average exchange rate between 1 and 25 August stood at N$16.1974 per USD, an appreciation of roughly 1.61 percent compared to July’s average of N$16.4627.
The Ministry said it remains committed to closely monitoring international oil market developments and their impact on domestic fuel costs, and reiterated that Namibia’s fuel pricing mechanism is designed to keep prices responsive to market conditions while supporting long-term stability in the domestic fuel sector.
The announcement was signed and issued by Minister of Industries, Mines and Energy, Mr. Modestus Amutse on 28 August 2026.
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