No relief for petrol users and bigger shock for diesel
05 Nov 2018 | Admin Author
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