New Petrol price

2022 - 8 - 2

Post cover
Image courtesy of "EconomyNext"

Sri Lanka diesel price cut to Rs430 a litre, petrol at Rs450 (EconomyNext)

Sri Lanka has cut the price diesel by 10 rupees to 430 rupees a litre while petrol 92-Octane remains at 450 rupees a litre, state-run Ceylon Petroleum ...

Provisions of the state of emergency contrary to international standards should be immediately revoked, Human Rights Watch said. Police are investigating a hotel that allegedly provided food to protesters and have raided, sometimes without warrants, the homes or workplaces of several protesters who are in hiding. The decree provides that bail will not be available for those accused of offenses under the emergency regulations. “The people of Sri Lanka are reeling under an economic crisis that has plunged millions into food insecurity, the closure of schools, and shortages of medicine, fuel, and other necessities,” Ganguly said. A Colombo magistrate also issued a foreign travel ban on Senarathna and 11 others suspected of illegal assembly and causing damage to property. In a July 31 statement, 1,640 members of the Catholic clergy condemned targeting the priest, saying that they had all backed the protests. These provisions increase the risk of torture and enforced disappearance. A number of Buddhist monks and Christian clergy had joined the protests. Wickremesinghe berated foreign diplomats for criticizing the security forces’ use of excessive force and took no action to hold those responsible to account. Police summoned the social media activist Rathidu Senarathna, known as “Ratta,” on August 1 and arrested him after questioning. On July 22, President Wickremesinghe ordered security forces to disperse protesters and break up their main site in central Colombo. The police have subsequently targeted perceived protest leaders for arrest and detention. (New York) – The Sri Lankan government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today.

Post cover
Image courtesy of "pindula.co.zw"

ZERA Announces New Fuel Prices Effective 02 August (pindula.co.zw)

The Zimbabwe Energy Regulatory Authority (ZERA) has reviewed the prices of diesel and petrol with effect from 02 August 2022.

Previously, the price of diesel was US$1.76 and ZWL$727.69 per litre while the price of petrol was US$1.61 and ZWL$667.43. The new price of diesel is US$1.74 and ZWL$774.15 per litre while the price of petrol is now US$1.60 and ZWL$710.60. The Zimbabwe Energy Regulatory Authority (ZERA) has reviewed the prices of diesel and petrol with effect from 02 August 2022.

Post cover
Image courtesy of "ZAWYA"

Good news for motorists as fuel price drops for August 2022: SA (ZAWYA)

The price adjustments are as follows: - Both grades of petrol will decrease by R1.32. - Diesel 0.05% Sulphur will cost 88c less while the price of diesel 0.005% ...

“The average international product prices of petrol, diesel, Illuminating Paraffin and LPG have decreased during the period under review. In the absence of supply constraints, crude oil prices might have decreased further. The department also announced a reduction in the price of illuminating paraffin and an increase in the price of gas.

Post cover
Image courtesy of "Carmag South Africa"

Fuel price: SA motorists finally get some relief (Carmag South Africa)

In the first half of 2022, fuel prices in South Africa skyrocketed, placing a severe strain on household budgets whilst depressing commodity prices. The mid- ...

“Decreases offer immediate relief but increases filter into the economy over time, especially as those sectors affected by them don’t immediately adjust their prices downward but instead wait for more consistent fuel cuts that lower their input costs. The decrease was influenced by a number of variables, including the decline in Brent Crude oil and petroleum product prices throughout the review period accompanied by declining demand for Brent Crude oil. As a result of the announcement of fuel price reductions that would provide some respite to motorists who were severely overburdened, that signal came to pass toward the end of July.

Post cover
Image courtesy of "BusinessTech"

More good news on the horizon for motorists in South Africa (BusinessTech)

The Automobile Association (AA) says the outlook for petrol prices in South Africa is positive, with the potential for another price drop in September – if…

He added that it is difficult to determine because the factors that influence the fuel price are very volatile and can shift significantly over a week. This can already be seen with regard to diesel prices at petrol stations. Looking to the month ahead, prospects for petrol prices look better – even though it is far too soon to tell. August Official However, despite the drop, the weakening rand versus the US dollar kept local prices under pressure. July official

Post cover
Image courtesy of "Independent Online"

August's fuel price decrease brings slight relief but pressure still ... (Independent Online)

With petrol, paraffin, diesel prices set to drop on Wednesday following the Department of Mineral Resources and Energy's fuel price announcement, ...

The average household will continue to be under pressure following months of continuously upward trending prices.” The Automobile Association (AA) said: “We stand by our call that a review of the fuel price structure, and an audit of the components that comprise the fuel price, is essential and long overdue to offer sustainable solutions that mitigate against rising fuel costs in the country,” the AA said. Cape Town - With petrol, paraffin, diesel prices set to drop on Wednesday following the Department of Mineral Resources and Energy’s (DMRE) fuel price announcement, economists said this will only bring slight relief after motorists and commuters battled to adjust to the steep fuel price increases from July and previous months.

Post cover
Image courtesy of "IT News Africa"

Some Relief: This is How Much SA Petrol Prices Will Drop Tomorrow ... (IT News Africa)

Fuel prices in South Africa are expected to see a big drop on Wednesday as international oil prices have declined over the past month, with Brent crude ...

The other major influence on South Africa’s petrol prices has been the weakening Rand against the US Dollar, as the country has to buy oil in the American currency. The reduction was set as a means to cushion the economic impact of the skyrocketing fuel prices of the last few months. Finally, and in contrast to the positive gains SA’s petrol prices are making, the Department of Mineral Resources and Energy has said that the temporary reduction in the general fuel levy of 75 cents a litre set in place in April (at R1.50 per litre, then reduced) will come to an end on Tuesday, 2 August 2022.

Post cover
Image courtesy of "Independent Online"

Petrol price cut is a drop in the ocean for desperate South Africans (Independent Online)

DebtRescue says the decrease in the petrol price will make no real difference to the lives of most citizens who have had to absorb massive fuel price hikes over ...

The welfare of the very young and the very old is at stake here. This is not the time to turn a blind eye. Long, drawn-out plans by government – with all good intentions - that will probably only be implemented in 2023 will simply be a case of too little too late.”

Explore the last week