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 September 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): One hundred and seventy-one cents per litre (171.00 c/l) increase.
- Diesel (0.05% sulphur): Two hundred and eighty-four cents per litre (284.00 c/l) increase.
- Diesel (0.005% sulphur): Two hundred and seventy six-cents per litre (276.00 c/l) increase.
- Illuminating Paraffin (wholesale): Two hundred and seventy-eight cents per litre (278.00 c/l) increase.
- SMNRP for IP: Three hundred and seventy cents per litre (370.00 c/l) increase.
- Maximum Retail Price of LPGas: Two hundred and twenty-six cents per kilogram (226.00 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.