The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 6th of April 2022. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Petrol (both 93 ULP and LRP): twenty eight cents per litre (28.00 c/l) increase.
- Petrol (both 95 ULP and LRP): thirty six cents per litre (36.00c/l) increase.
- Diesel (0.05% sulphur): one hundred and fifty two point five six cents perlitre (152.56 c/l) increase.
- Diesel (0.005% sulphur): one hundred and sixty eight point five six centsper litre (168.56 c/l) increase.
- Illuminating Paraffin (wholesale): two hundred and sixty six cents per litre (266.00 c/l) increase.
- SMNRP for IP: three hundred and fifty five cents per litre (355.00 c/l) increase.
- Maximum LPGas Retail Price: two hundred and fifty cents per litre (250.00 c/l) 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, octane differentials between 95 and 93 petrol grades fuel Levy and Road Accident Fund (RAF) and the implementation of the slate levy.
