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 May 2024. The adjustments are based on a number of current local and international factors.

Take note of the following changes;

  • Petrol (93 ULP & LRP): thirty-seven cent per litre (37.00 c/l) increase.
  • Petrol (95 ULP & LRP): thirty-seven cents per litre (37.00 c/l) increase.
  • Diesel (0.05% sulphur): thirty cents per litre (30.00 c/l) decrease.
  • Diesel (0.005% sulphur): thirty-six cents per litre (36.00 c/l) decrease.
  • Illuminating Paraffin (wholesale): nineteen cents per litre (19.00 c/l) decrease.
  • SMNRP for IP: twenty-five cents per litre (25.00 c/l) decrease.
  • Maximum LPGas Retail Price: thirty-seven cents per kilogram (46.00 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.