The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has announced the adjustment of fuel prices that will come into effect from the 7th of February 2024. 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): Seventy-five cents per litre (75.00 c/l) increase.
- Diesel (0.05% sulphur): Seventy-three cents per litre (73.00 c/l) increase.
- Diesel (0.005% sulphur): Seventy cents per litre (70.00 c/l) increase.
- Illuminating Paraffin (wholesale): Firty-three cents per litre (53.00 c/l) increase.
- SMNRP for IP: Seventy-one cents per litre (71.00 c/l) increase.
- ❖ Maximum LPGas Retail Price: Thirty-seven cents per kilogram (37.00 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.