Petrol set to decrease by R2,04

The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 7th of September 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): two hundred and four cents per litre (204.00 c/l) decrease.
•  Diesel (0.05% sulphur): fifty six point three four cents per litre (56.34 c/l) decrease.
•  Diesel (0.005% sulphur): forty six point three four cents per litre (46.34 c/l) decrease.
• Illuminating Paraffin (wholesale): eighty two cents per litre (82.00 c/l) decrease.
• SMNRP for IP: one hundred and nine cents per litre (109.00 c/l) decrease.
• Maximum LPGas Retail Price: one hundred and sixty five cents per kilogram(165.00 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 and the implementation of the slate levy.