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 February 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): Twenty-eight cents per litre (28.00 c/l) increase.
  • Diesel (0.05% sulphur): Nine point one six cents per litre (9.16 c/l) increase.
  • Diesel (0.005% sulphur): Zero point eight four cents per litre (0.84 c/l) decrease.
  • Illuminating Paraffin (wholesale): Fifty-eight cents per litre (58.00 c/l) increase.
  • SMNRP for IP: Seventy-eight cents per litre (78.00 c/l) increase.
  • Maximum LPGas Retail Price: One hundred and forty cents per kilogram (140.00 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.