Namibia: Fuel Hike Starts to Bite

Namibia’s farmers expect to be severely affected as fuel prices continue to spiral up, with last week’s increase alone – 50 cents a litre – pushing up their operating costs by 20 per cent .

The increase, which came into force on Friday, is the fifth of the year, with petrol and diesel both shooting up by 50 cents a litre – the largest single increase in recent years.

The fishing industry is hunkering down, predicting “millions of dollars” in extra running costs, while transport companies anticipate the increase will add 10 per cent to their input costs.
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