Consumers get temporary relief as fuel prices remain unchanged

Niël Terblanché In a welcome respite for consumers, fuel prices in Namibia will remain unchanged in November. The Ministry of Mines and Energy made the announcement on Friday. The decision comes after a period of steep increases in the prices of consumer goods in the country. The Ministry of Mines and Energy explained the reasons behind this decision, citing significant declines in global oil prices during October. The decline was attributed to a reduction in fuel demand, which outweighed the OPEC+ decision to maintain a reduction in oil production, thus keeping the supply constrained. Diesel, which serves as an indicator…