The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 2nd of August 2023. The adjustments are based on a number of current local and international factors.

Take note of the following changes;

  • Petrol (both 93 and 95 Octane): Thirty-seven cents per litre (37.00 c/l) increase.
  • Diesel (0.05% sulphur): Seventy-two cents per litre (72.00 c/l) increase.
  • Diesel (0.005% sulphur): Seventy-one cents per litre (71.00 c/l) increase.
  • Illuminating Paraffin (wholesale): Seventy-one cents per litre (71.00 c/l)increase.
  • SMNRP for IP: Ninety-five cents per litre (95.00 c/l) increase.
  • Maximum Retail Price of LPGas: Hundred and sixty-one cents per kilogram(161.00 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.