Minister of Mines and Energy, Tom Alweendo on Monday announced that fuel prices for November will remain unchanged due to stability in the global oil market throughout October. The announcement means 95 Octane Unleaded Petrol will cost N$13,05 per litre, while Diesel 50ppm will cost N$13,63 per litre. Alweendo announced this in a media statement on Monday, saying that there were no major events to trigger major fluctuations in the prices of refined oil, and as on average, prices came down compared to the previous month. The statement said that there were no significant fluctuations in the exchange rate between the Namibian Dollar against the US Dollar throughout the month of October as it slightly depreciated, on average, from N$14,80 in September 2019 to N$14,90 in the period under review. “Naturally, under-recoveries trigger a fuel price increase at the pumps locally. However, this time around, the National Energy Fund will spare consumers the pinch at the pumps by subsiding the under-recoveries,” said Alweendo, explaining the decision to keep the fuel prices unchanged. -NAMPA