Fuel levy rakes in N$1,5 billion from motorists

The National Energy Fund (NEF) administered fuel levy has collected N$1,5 billion from motorists since its inception in 2012, the Ministry of Mines and Energy has said. Motivating his ministry’s 2017/18 budget vote in Parliament last week, Mines and Energy Minister, Obeth Kandjoze, said the fund had paid N$340 million to suppliers of petroleum products to subsidise the prices of petrol and diesel during the 2016/2017 financial year.

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