Namibia: Drop in Fuel Prices Bring Joy to Businesses

Independent economic researcher Josef Sheehama has welcomed the upcoming fuel decrease, saying that lower petrol and diesel prices have a far wider impact than merely benefiting Namibians who travel a lot.

“Namibia’s economy is highly reliant on road transport and fuel prices impact all sections of the economy.

Fuel prices directly impact the cost of products transported by road, which in turn impacts inflation,” Sheehama said.

This comes after an announcement yesterday that motorists and…

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