Fuel prices

Both grades of petrol will go up again, with 93 octane set to increase by 28 cents a litre and 95 octane by 36 cents. But this is still significantly lower ...

It has also indicated that it is looking at several proposals to deal with rising fuel costs into the future," Beard said. Both grades of petrol will go up again, with 93 octane set to increase by 28 cents a litre and 95 octane by 36 cents. Both grades of petrol will go up again, with 93 octane set to increase by 28 cents a litre and 95 octane by 36 cents.

These are record fuel prices across the board and while government's intervention has cushioned the blow somewhat, it hasn't entirely taken the pain away,” ...

The price cap for diesel in Gauteng is now set at R21.01/l and R20.39 at the coast. Given these increases, 95ULP will now cost R21.96/l in Gauteng and R21.24 at the coast. And, as the country heads closer to winter, illuminating paraffin will now cost R15.84/l in Gauteng and R15.02 at the coast dealing yet another blow to the poorest of the poor who use this fuel for heating, cooking, and lighting. It also has indicated that it is looking at several proposals to deal with rising fuel costs in the future. “The intervention to cut the GFL is significant as it shows the government is taking the issue of rising fuel costs seriously, which is to be welcomed. “These are record fuel prices across the board and while government’s intervention has cushioned the blow somewhat, it hasn’t entirely taken the pain away,” says the AA. The AA says it appreciates that there is no quick-fix solution to mitigating rising fuel costs, and that the current high prices cannot be sustained by a consumer base already reeling from increased rates to, among others, electricity costs, food prices, and public transport fares.

On Tuesday, oil futures rose in early deals as possibilities of more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns ...

Saudi oil facilities have been under attack by the Houthis during the conflict, adding to supply disruption in the global market. The agreement follows the previous action taken by IEA Member Countries, announced last month, to which they pledged a total of 62.7 million barrels. NEW DELHI: Oil marketing companies raised fuel prices by another 80 paise on Tuesday, pushing up the price of petrol to ₹104.61 per litre in the national capital. NEW DELHI: Oil marketing companies raised fuel prices by another 80 paise on Tuesday, pushing up the price of petrol to ₹104.61 per litre in the national capital. The May contract of West Texas Intermediate on the NYMEX rose 1.14% to $104.46 per barrel. Before 22 March, oil marketing companies had kept prices steady for nearly four months.

Experts have welcomed the reduction in the fuel levy but still expect an increase in the fuel price due to the ongoing Russia/Ukraine conflict, ...

“We have to understand the need for the fuel levy reduction. We, however, welcome this move and hope that more attention will be paid to the fuel levy in future.”Dr Sanele Gumede, a lecturer in economics at the University of KwaZulu-Natal, said the increasing fuel price had led to inflation increasing, and the government had to act to help boost the economy.“The people of South Africa have already been dealt a blow with the recent increase in the interest rate and now with another fuel price hike looming, the fuel levy cut will lessen the impact of the fuel price increase. I expect the fuel levy to be increased once the Russia/Ukraine crisis is resolved.” Unfortunately even with a decrease in the fuel levy, consumers shouldn’t expect a decrease in the price of food and goods. The reduction is to be funded by a liquidation of a portion of the government’s strategic crude oil reserves. DURBAN - EXPERTS have welcomed the reduction in the fuel levy, but say fuel prices might still go up this month, due to the ongoing Russia/Ukraine conflict and the high price of Brent crude oil.

Mineral Resources and Energy Minister Gwede Mantashe, has announced fuel price hikes that take effect on Wednesday.

JOHANNESBURG - The Mineral Resources and Energy Department has announced an increase in all grades of petrol, diesel and paraffin. Mineral Resources and Energy Minister Gwede Mantashe, has announced fuel price hikes that take effect on Wednesday. The new petrol price is effective from Wednesday.

Pretoria – Mineral Resources and Energy Minister Gwede Mantashe announced an adjustment to fuel prices, with the price of the lowest graded petrol to ...

Pretoria – Mineral Resources and Energy Minister Gwede Mantashe announced an adjustment to fuel prices, with the price of the lowest graded petrol to increase by at least 28c. In a statement, Mantashe gave reasons for the fuel hike, such as the continued sanctions imposed on Russia, despite Russia’s discounted crude oil prices. The reduction in the general fuel levy wilI be in place until May 31.

Mineral Resources and Energy Minister Gwede Mantashe announced the adjustment to fuel prices on Monday. The hikes, which kick in on Wednesday, 6 April, are as ...

Among these is that Brent crude oil increased from $96.47 per barrel to $109.37 during the period under review. * Petrol (both 95 ULP and LRP) - up 36 c/l. * Petrol - (both 93 ULP and LRP) - up 28 cents per litre (c/l).

Petrol and diesel prices today April 5, 2022: The price of petrol and diesel in Delhi at ₹104.61 per litre and ₹95.87 per litre, respectively.

In Delhi, petrol is now being sold at ₹104.61 per litre while diesel prices are at ₹ 95.87 per litre, according to the notification by fuel retailers. Petrol and diesel prices today April 5, 2022: State-owned fuel retailers hiked the rates of petrol and diesel by 80 paise on Tuesday, the 13th increase in the last 15 days. On Monday, Rajya Sabha witnessed repeated disruptions over rising prices of petroleum products as Opposition demand to discuss the issue was rejected again.

The Automobile Association (AA) said it noted that 93 octane petrol will increase by 28c a litre and 95 octane by 36c/l, while diesel is set for staggering ...

However, the price of all fuels is still increasing across the board and could have been worse were it not for the reduction in the GFL.”The recent strong run of the rand against the US dollar contributed to shaving some of the increase off the final adjustment for April, without which the increases would have been more significant.“Given these increases, 95ULP will now cost R21.96/l in Gauteng and R21.24 at the coast.“The price cap for diesel in Gauteng is now set at R21.01/l and R20.39 at the coast.“And, as the country heads closer to winter, illuminating paraffin will now cost R15.84/l in Gauteng and R15.02 at the coast, dealing yet another blow to poorest of the poor who use this fuel for heating, cooking, and lighting.“These are record fuel prices across the board and while the government’s intervention has cushioned the blow somewhat, it hasn’t entirely taken the pain away,” said the AA.“The intervention to cut the GFL is significant as it shows the government is taking the issue of rising fuel costs seriously, which is to be welcomed.“It has also indicated that it is looking at several proposals to deal with rising fuel costs into the future.“Whatever plans the government is considering, though, these should be fast-tracked as the trend of increasing fuel prices is likely to continue in the short- to mid-term, especially as the situation in the Ukraine remains unresolved.“This is adding pressure to the international petroleum product price, and, in turn, to local prices. Petrol price hikes keep the cost at record highs, especially those of dieselThe petrol will increase by 28c a litre and 95 octane by 36c/l, while diesel is set for staggering increases, climbing by between R1.52/l and R1.69/l. CAPE TOWN - While the R1.50 reduction in the General Fuel Levy (GFL) will take some pressure off embattled consumers, the fuel price increases for April announced by the Department of Mineral Resources and Energy (DMRE) yesterday will still keep fuel prices at record high levels and will add financial pressure on all South Africans.The Automobile Association (AA) said it noted that 93 octane petrol will increase by 28c a litre and 95 octane by 36c/l, while diesel is set for staggering increases, climbing by between R1.52/l and R1.69/l/.The wholesale price of illuminating paraffin is set for the steepest increase – set to increase by R2.66/l.“The R1.50 decrease to the GFL will mean this tax now stands at R2.44/l, down from its current R3.94/l,” said the AA.“This levy will change for April and May only.

The Department of Mineral Resources and Energy has published the official fuel price adjustments for April 2022.

Interventions will be considered by the DMRE to reduce the price pressure for illuminating paraffin over the medium term. It also has indicated that it is looking at several proposals to deal with rising fuel costs in the future. The combined cumulative petrol and diesel Slate balances at the end of February 2022 amounted to a negative balance of R 7.171 billion. This will allow retailers to sell at a price below the regulated price. The average Rand/US Dollar exchange rate for the period 25 February to 31 March 2022 was 15.0211 compared to 15.2343 during the previous period. The rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period.