https://newsletter.en.creamermedia.com
Energy|Gas|Petroleum|Resources|Road|transport
Energy|Gas|Petroleum|Resources|Road|transport
energy|gas|petroleum|resources|road|transport

Diesel prices decrease; petrol price almost unchanged

4th April 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Mineral Resources and Energy Minister Gwede Mantashe has announced the adjustment of fuel prices based on current local and international factors, with effect from April 5.

Petrol (93 ULP & LRP) will decrease by 1c/ℓ, but petrol (95 ULP & LRP) will increase by 2c/ℓ, while diesel (0.05% sulphur) will decrease by 73.58c/ℓ and diesel (0.005% sulphur) by 74.58c/ℓ.

Further, illuminating paraffin (IP) (wholesale) will decrease by 124.90c/ℓ and the single maximum national price for IP by 201c/ℓ.

The maximum liquefied petroleum gas retail price will decrease by 92c/kg.

Mantashe says the main reasons for the fuel price adjustments are owing to the average brent crude oil price having decreased from $82.14 to $79.24 during the period under review. There was a lot of volatility in the market this period, he adds.

Also, the average international product prices of petrol decreased following the lower brent crude oil prices during the period under review.

Moreover, the rand depreciated, on average, against the dollar during the period under review when compared to the previous one. This led to higher contributions to the basic fuel prices of petrol, diesel and IP.

Finance Minister Enoch Godongwana, in his Budget Speech in February, announced that the Fuel Levy and Road Accident Fund (RAF) Levy on both petrol and diesel would remain the same at 394c/ℓ and 218c/ℓ, respectively.

This is for the second year in a row, to cushion motorist from high fuel prices, Mantashe says.

Moreover, there were also octane differentials between 95 and 93 petrol grades; adjustment to revised road and pipeline transport tariffs; and an implementation of the slate levy.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.214 0.309s - 191pq - 2rq
Subscribe Now