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 June 2024. The adjustments are based on a number of current local and international factors.
Take note of the following changes;
- Both grades of Petrol 93 and 95 (ULP & LRP): One hundred and twenty-four cents per litre (124.00 c/l) decrease.
- Diesel (0.05% sulphur): One hundred and eighteen point five four cents per litre (118.54 c/l) decrease.
- Diesel (0.005% sulphur): One hundred and eight point five four cents per litre (108.54 c/l) decrease.
- Illuminating Paraffin (wholesale): Eighty cents per litre (80.00 c/l) decrease.
- SMNRP for IP: One hundred and seven cents per litre (107.00 c/l) decrease.
- Maximum LPGas Retail Price: One hundred and thirty-five cents per kilogram (135.00 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.
