The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 1st of November 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 ULP & LRP): One hundred and seventy-eight cents per litre (178.00 c/l) decrease.
- Diesel (0.05% sulphur): Eighty five point zero eight cents per litre (85.08 c/l) decrease.
- Diesel (0.005% sulphur): Eighty two point zero eight cents per litre (82.08 c/l) decrease.
- Illuminating Paraffin (wholesale): Ninety seven cents per litre (97.00 c/l) decrease.
- SMNRP for IP: One hundred and thirty cents per litre (130.00 c/l) decrease.
- Maximum LPGas Retail Price: One hundred and forty-nine cents per kilogram (149.00 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.