The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 3rd of August 2022. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Petrol (both 93 & 95 ULP and LRP): one hundred and thirty-two cents per litre (132.00 c/l) decrease.
- Diesel (0.05% sulphur): eighty-eight cents per litre (88.00 c/l) decrease.
- Diesel (0.005% sulphur): ninety-one cents per litre (91.00 c/l) decrease.
- Illuminating Paraffin (wholesale): one hundred and forty-four cents per litre (144.00 c/l) decrease.
- SMNRP for IP: one hundred and ninety-two cents per litre (192.00 c/l) decrease.
- Maximum LPGas Retail Price: fifty-seven cents per kilogram (57.00 c/kg) increase.
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 and the implementation of the slate levy.
