Motorists will pay more for fuel from Wednesday 2 September following announcements of new fuel prices by the minister of mineral and petroleum resources. See exactly below how much you will pay at the petrol pump.
🔴 Petrol 93: ↑ R1,34 per litre
🔴 Petrol 95: ↑ R1,34 per litre
🔴 Diesel 0,05% sulphur: ↑ R2,94 per litre
🔴 Diesel 0,005% sulphur: ↑ R3,15 per litre
🔴 Illuminating paraffin: ↑ R2,13 per litre
🔴 LPGas: ↑ R0,69 per kg
🔴 LPGas in the Western Cape: ↑ R0,79 per kg
According to the department, the sharp increases are mainly the result of more expensive international crude oil and petroleum product prices. The average Brent crude oil price increased from $82,37 to $87,88. Continued tension between the USA and Iran, uncertainty about oil flows through the Strait of Hormuz and higher freight costs contributed to the increase according to the department. International prices for petrol, diesel and paraffin also increased, partly due to supply shortages linked to the ongoing Russia-Ukraine conflict and lower world supplies. A stronger rand offset some of the international increase. The average exchange rate improved from R16,46 to R16,21 against the United States dollar.
The fuel price adjustment levy is increasing meanwhile from R0,61 to R0,83 per litre, an increase of R0,22. By the end of July the cumulative shortfall on the fuel price adjustment account for petrol and diesel amounted to R9,52 billion. The new fuel prices come into effect on 2 September.
This article is an automatic English translation of a Nuusflits article originally published in Afrikaans. Read the Afrikaans original.
