The Ministry of Mines and Energy has announced that the price of both petrol and diesel will increase by 50c/litre on Wednesday 7 April 2020. This the Ministry said in a statement was necessitated by the fact that oil prices have increased by more than 30% since the start of the year, while the exchanged rate has also seen a minor depreciation of the N$ against the US$. The Ministry explained that this has resulted in an under-recovery of about 117 cents on petrol and about 85 cents on diesel being recorded, indicating that the current pump prices are still not reflective of the actual prices in the market.