No relief for petrol users and bigger shock for diesel

Warning:

This article may contain graphic and/or adult content unsuitable for minors and sensitive readers.

The Minister of Energy, Mr Jeff Radebe, announces the adjustment of fuel prices based on the current international factors with effect from 07 November 2018.

The main reasons for the fuel price adjustments are:

• -The contribution of the Rand/US Dollar exchange rate
• -The prices of crude oil
• -Import prices of Petroleum Products
• -Self-adjusting Slate Levy Mechanism Rules

Based on current local and international factors, the fuel prices for November 2018 will be adjusted as follows:

• -Petrol (93 /95 Octane, ULP and LRP) unchanged
• -Diesel (0.05% /0.005% sulphur): 47.92 c/l and 50.92 c/l increase
• -Illuminating Paraffin (wholesale): 28.00 c/l increase
• -SMNRP for IP: 37.00 c/l increase;
• -LPGas Retail Price: 61.00 c/kg increase

The Automobile Associaton earlier predicted the petrol price decreasing by 16 c/l whilst diesel was expected to increase by 30c/l