Fuel import costs decrease despite increasing consumption

Namibia rules out fuel emergency despite Gulf tensions – News Stand

Justicia Shipena While tensions in the Middle East threaten global oil supply and price stability, Namibia’s fuel security is not under immediate threat.  This is according to Ben Nangombe, executive director of the ministry of industries, mines and energy, who said Namibia can still access petroleum products from alternative markets. “The Persian or Arab Gulf region is one of the most important sources of refined petroleum products,” Nangombe to

Fuel import costs decrease despite increasing consumption

Despite quantitative increase in imports of petroleum products in the first 11 months of the current fiscal year, there has been a decrease in expenditure.