Industries, mines and energy minister Modestus Amutse says Namibia has sufficient fuel supply and there is no need for panic buying.
He said this during a press conference at the Government Information Centre (GIC) on Friday.
He noted that global oil prices remain sensitive to developments in the Middle East, particularly shipping routes and production levels, which may affect local fuel prices bu...
By reducing fuel levies, the Namibian government is attempting to address price concerns while assuring the public that there is no shortage of fuel. This move could be seen as a response to rising global oil prices, which are influenced by geopolitical tensions in the Middle East. The government's advice to buy responsibly and avoid hoarding may aim to prevent panic buying and maintain stable prices. However, it's important to monitor future developments to ensure that these measures are effect...