The Minister of Mineral Resources, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 4th of July 2024. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Petrol 93 (ULP & LRP): One hundred and five cents per litre (105.00 c/l) decrease.
- Petrol 95 (ULP & LRP): Ninety-nine cents per litre (99.00 c/l) decrease.
- Diesel (0.05% sulphur): Thirty point three eight cents per litre (30.38 c/l) decrease.
- Diesel (0.005% sulphur): Twenty-four point three eight cents per litre (24.38 c/l) decrease.
- Illuminating Paraffin (wholesale): Eighteen cents per litre (18.00 c/l) decrease.
- SMNRP for IP: Twenty-four cents per litre (24.00 c/l) decrease.
- Maximum LPGas Retail Price: Twenty-two cents per kilogram (22.00 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.
