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

DMRE announces petrol price increase, diesel price decrease for May

Petrol pumps

Photo by Bloomberg

30th April 2024

By: Creamer Media Reporter

     

Font size: - +

The price of petrol, both 93 and 95, will increase by 37c/ℓ as of May 1, while diesel prices will decrease by 30c/ℓ and 36c/ℓ for 0.05% sulphur and 0.005% sulphur, respectively, the Department of Mineral Resources and Energy (DMRE) has announced.

It notes that the average Brent crude oil price increased from $84.22/bl to $88.10/bl during the period under review.

"There was a lot of volatility in the market during this period. The main contributing factor is the growing geopolitical tensions in the Middle East and sustained production cuts by Organization of the Petroleum Exporting Countries-plus countries," the DMRE states.

As a result of the higher Brent crude oil prices, the average international product prices of petrol have increased.

Further, the rand depreciated against the dollar, from R18.04 to R18.90, during the period under review.

Meanwhile, the prices of diesel, illuminating paraffin and liquefied petroleum gas (LPG) decreased owing to seasonal changes and reduced demand in the northern hemisphere as it moves away from its winter season, the DMRE says.

Illuminating paraffin prices will decrease by 19c/ℓ and LPG prices by 46c/kg from May 1.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

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:0.182 0.273s - 171pq - 2rq
Subscribe Now