The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 5th of April 2023. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Petrol (93 ULP & LRP): One cent per litre (1.00 c/l) decrease.
- Petrol (95 ULP & LRP): Two cents per litre (2.00 c/l) increase.
- Diesel (0.05% sulphur): Seventy three point five eight cents per litre (73.58c/l) decrease.
- Diesel (0.005% sulphur): Seventy four point five eight cents per litre (74.58c/l) decrease.
- Illuminating Paraffin (wholesale): One hundred and twenty-four point ninecents per litre (124.90 c/l) decrease.
- SMNRP for IP: Two hundred and one cents per litre (201.00 c/l) decrease.
- Maximum LPGas Retail Price: Ninety-two cents per kilogram (92.00 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.