Photo by: Bloomberg
Mineral Resources and Energy Minister Gwede Mantashe has announced the adjustment of fuel prices, with effect from September 1, with petrol prices to increase and diesel prices to decrease.
The price for 93 unleaded petrol (ULP) and lead replacement petrol (LRP) will increase by 4c/ℓ, while the price of 95 ULP and LRP will also increase by 4c/ℓ.
Diesel (0.05% sulphur) will decrease by 15.22c/ℓ and diesel (0.005% sulphur) by 14.22c/ℓ.
Moreover, illuminating paraffin (wholesale) will decrease by 15c/ℓ.
The maximum liquefied petroleum gas retail price will increase by 94c/kg.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
Factors influencing September’s price adjustments include the implementation of the slate levy. An increase of 8.78c/ℓ will be implemented into the price structures of petrol and diesel in line with the Self-Adjusting Slate Mechanism rules, effective from September 1.
Also, Mantashe approved a 5.7c/ℓ increase in the price structures of petrol to accommodate the wage increases for forecourt employees in line with the Motor Industry Bargaining Council agreement.