The Ministry of Mines and Energy, following stakeholder consultations, has announced a fuel price reduction of N$1.20 for petrol and a 30 cent reduction for diesel, effective Wednesday, 5 May 2022. The Ministry also temporarily reduced the levies imposed on fuel on all products, for a period of three months. The reduction sees Namcor, the Road User Charges, and fuel tax get a 50% levy reduction, and the MVA a 25% reduction. Here’s Mines and Energy Minister, Tom Alweendo.