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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Namibia | | |Fuel Price Country=Namibia |
| − | |Fuel Pricing Policies=The Ministry of Mines and Energy regulated prices in the privatized downstream fuel sector of Namibia. On their internet website (Annex A1), they offer some information about fuel pricing. However, an exact description of the price composition and actual fuel prices are missing. | + | |Fuel Pricing Policies="Pricing policy: A 1990 act regulates gasoline and diesel prices, and Ministry of Mines and Energy (MME) announces retail prices of gasoline and wholesale prices of diesel by location once a month. The National Energy Fund subsidizes fuel supply to remote areas, and in addition has been used to subsidize regulated fuel prices from time to time. |
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| − | According to the ministries website, diesel prices are only regulated at the wholesale level, i.e. the retailers market is liberal for diesel; pump prices for gasoline are regulated. (This is also the case for South Africa.)
| + | Information: Prices of gasoline and diesel are posted on MME’s Web site every month." |
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| − | A ‚Slate‘-Mechanism is used to compensate volatile In-Bond Landed Costs (IBLC) of liquid fuels. Fuel prices are recalculated quarterly using a Price Adjustment Mechanism established in 1997. This mechnism accounts for changed IBLC and the current ‚Slate‘-balance.
| + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) |
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| − | Regulated prices hold for the coastal cities. Fuel prices in inland cities, that are supplied with fuels via train, are subject to an additional transportation fee reflecting the actual costs.
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| | |Fuel Currency=NAD | | |Fuel Currency=NAD |
| | |Fuel Price Exchange Rate=6.97 | | |Fuel Price Exchange Rate=6.97 |
Revision as of 10:50, 26 March 2013
Part of: GIZ International Fuel Price database
Also see: Namibia Energy Situation
Fuel Pricing Policies
| Local Currency:
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NAD
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| Exchange Rate:
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6.97
(2010/11/17)
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| Last Update:
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"Pricing policy: A 1990 act regulates gasoline and diesel prices, and Ministry of Mines and Energy (MME) announces retail prices of gasoline and wholesale prices of diesel by location once a month. The National Energy Fund subsidizes fuel supply to remote areas, and in addition has been used to subsidize regulated fuel prices from time to time.
Information: Prices of gasoline and diesel are posted on MME’s Web site every month."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
Fuel prices differ by actual transportation costs, i.e. inland prices are higher than coastal prices.
There are no more fuel subsidies in Namibia. It is unclear, whether there is a taxation on liquid fuels.
A more exact description is missing.
Source: http://www.mme.gov.na/energy/fuels.htm (Annex A1)
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Actual prices and historical data is missing. A more exact description of price composition is missing.
Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
