Price of Petrol & Diesel to Drop from Wednesday, 5 January

The Energy Department has announced that the different grades of petrol, 93 and 95 octane will decrease by 71 and 68 cents per litre from Wednesday 5 January.

The prices of diesel (0.05% sulphur) decreases by 67.8 cents per litre, while Diesel with (0.005% sulphur) decreases by 69.8 cents per litre while illuminating paraffin will decreases by 71 cents per litre.

The price of LP gas decreases by 70 cents per kg.

The Energy Department saidthe main reason for the fuel price adjustments is the average international product prices for Petrol, Diesel and Illuminating Paraffin decreased during the period under review.

“The Rand depreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period 26 November 2021 to 30 December 2021 was 15.92 compared to 15.39 during the previous period.”

The department said there is an increase the Slate levy. 

“An increase of 2.20 c/l (i.e., from 41.46 c/l to 43.86 c/l) will be implemented into the price structures of petrol and diesel in line with the Self-Adjusting Slate Mechanism rules effective from the 5th of January 2022.”

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

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