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Petrol and diesel prices reduced following January over-recoveries
Published 9 months, 1 week ago
Description
The Ministry of Industries, Mines and Energy has announced a fuel price reduction of N$1 per litre for petrol and 50 cents per litre for both diesel grades, effective 4 February nationwide, following over-recoveries recorded in January. Speaking to Desert FM, chief economist Abed-nego Ekandjo unpacks the reasons behind the decrease and its potential impact on inflation, transport costs and household budgets.