Petrol price increase

Despite the reduction in levies, meant to give South Africans some reprieve from spiralling fuel prices, Mineral Resources and Energy Minister Gwede ...

However, this decrease is not enough to offset the overall average increase in oil prices during this period. * Maximum LPGas retail price will increase by R2.50 per litre * (95 ULP & LRP) will increase by thirty-six cents per litre * (93 ULP & LRP) will increase by twenty-eight cents per litre The total fuel levy will now amount to R2.44 per litre for petrol and R2.30 per litre for diesel. * Single Maximum National Retail Price for illuminating paraffin increases by R 3.55 per litre

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).

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.

“The intervention to cut the levy is welcomed as it shows the government is taking the issue of rising fuel prices seriously. It has also indicated that it is ...

Diesel will increase by 152.56 cents per litre and 168.56 cents per litre. We have seen the rand working in our favour, helping to contain the impact of the high international oil prices. “Petrol 93 will increase by 28 cents per litre and 95 Octane by 36 cents. They have however warned that international oil prices could further continue to increase if tensions between Russia and Ukraine are prolonged. It has also indicated that it is looking at several proposals to deal with rising fuel costs in the future. The association says this means tax now stands at R2.44 cents down from its current R3.94 cents.

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.

Minister Gwede Mantashe announced that prices on all grades and categories of petrol will cost motorists more from Wednesday.

It also has indicated that it is looking at several proposals to deal with rising fuel costs into the future.”“Whatever plans 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 which is adding pressure to the international petroleum product price, and, in turn, to local prices. The Automobile Association (AA) says it appreciates that there is no quick-fix solution to mitigating the rising fuel costs, which have quite the impact on the already overburdened consumer. “The intervention to cut the GFL is significant as it shows government is taking the issue of rising fuel costs seriously, which is to be welcomed.

The minister said fuel price increases are informed by local and international factors including the Russia-Ukraine war which has affected prices globally.

“This intervention will bring needed relief to motorists because it will cushion the high fuel price increases that were anticipated this month, which were a result of global factors. “With respect to diesel, apart from increasing crude oil prices, there is also a shortage of diesel supply which is due to lower exports from Russia as a major exporter of distillate fuel at discounted prices. That is why the rate of price increase in diesel is higher than that of petrol,” said the department.

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. It also has indicated that it is looking at several proposals to deal with rising fuel costs in the future. Given these increases, 95ULP will now cost R21.96/l in Gauteng and R21.24 at the coast. “The R1.50 decrease to the GFL will mean this tax now stands at R2.44/l, down from its current R3.94/l. This levy will change for April and May only. 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. The DMRE announced that 93 octane petrol will increase by 28c a litre and 95 octane by 36c/l. Diesel is set for staggering increases with this fuel climbing by between R1.52/l and R1.69/l/. The wholesale price of illuminating paraffin is set for the steepest increase with this fuel set to increase by R2.66/l.