The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 5th of January 2022. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Petrol (both 93 ULP & LRP): Seventy-one cents per litre (71.00 c/l) decrease
- Petrol (both 95 ULP & LRP): Sixty-eight cents per litre (68.00 c/l) decrease
- Diesel (0.05% sulphur): Sixty-seven point eight cents per litre (67.80 c/l) decrease
- Diesel (0.005% sulphur): Sixty-nine point eight cents per litre (69.80 c/l) decrease
- Illuminating Paraffin (wholesale): Seventy-one cents per litre (71.00 c/l) decrease
- SMNRP for IP: Ninety-five cents per litre (95.00 c/l) decrease
- Maximum LPGas Retail Price: Seventy cents per kilogram (70.00 c/kg) decrease
The main reasons for the adjustments, according to the Minister, are the crude oil prices, international petroleum product prices, the Rand/US Dollar exchange rate, Octane differentials between 95 and 93 petrol grades and the implementation of the slate levy.
