Petrol prices to rise by N$2 per litre in November

Petrol prices will go up by N$2 per litre and diesel prices will go up by N$3 per litre for the month of November. Minister of industries, mines and energy Modestus Amutse announced the increases on Monday. The new prices will come into effect on Wednesday. He said although there has been a slight decrease in the cost of fuel internationally, the cost of shipping has increased by 40% and ship waiting costs increased by 64%. The exchange rate has also weakened, which has made each litre of fuel more expensive for Namibia. The new price of petrol at Walvis