Month: October 2018

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Fuel increase of 50c/l will push transport inflation into double digit territory

WINDHOEK – A local economic analyst, Klaus Schade, seems to have hit the nail squarely on the head with his prediction that fuel prices will continue to increase for the rest of the year. The Ministry of Mines and Energy yesterday confirmed that fuel pump prices for October, 2018, will increase with 50 cents per litre on all petroleum products at one minute past midnight on Wednesday, October 3, thereby edging pump prices ever closer to the N$14 per litre mark.