Ministry of Mines and Energy Issues Warning Against Sale of Licenses

Windhoek – The Ministry of Mines and Energy in Namibia has issued a warning against the illegal sale of licenses and certificates. On Monday, the ministry cautioned individuals and entities engaged in the unauthorized sale of licenses issued by the ministry, noting that such actions contravene the law as the licenses are non-transferable.

According to Namibian Press Agency (NAMPA), Bryan Eiseb, the ministry’s acting executive director, expressed concern over the increasing number of advertisements on social media platforms where individuals or entities offer to sell wholesale fuel licenses, retail fuel licenses, and market fuel at unapproved prices. He reminded the public that the Ministry of Mines and Energy regulates the distribution of petroleum products, specifically petrol and diesel, in the petroleum downstream sector.

The ministry’s regulatory oversight, according to Eiseb, is governed by the Petroleum Products and Energy Amendment Act of 2000 and the Petroleum Products Regulations of 2000. The ministry issues fuel retail licenses, fuel wholesale licenses, and fuel consumer installation certificates for various commercial, industrial, farming, and mining operations. Eiseb emphasized that these licenses and certificates are non-transferable and cannot be legally sold.

Additionally, Eiseb noted that the pricing of petrol and diesel is regulated under the Petroleum Products and Energy Act, with prices regularly updated and published in the government gazette. He strongly urged those involved in the unlawful sale of licenses to cease their activities immediately.

Related Articles

Back to top button