Petrol price CAPE TOWN

2022 - 9 - 5

Petrol price Petrol price

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Image courtesy of "Eyewitness News"

Petrol price set to drop by R2.04 on Wednesday (Eyewitness News)

The Department of Mineral Resources and Energy said the new fuel prices will come into effect from on Wednesday, 7 September at midnight.

The rand also appreciated slightly against the US dollar during the period under review.” [#FuelPriceDrop]Both grades of petrol are set to drop by R2,04 per litre. The Department of Mineral Resources and Energy said the new fuel prices will come into effect from on Wednesday, 7 September at midnight.

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Image courtesy of "News24"

Motorists get biggest petrol price cut since 2020 (News24)

The latest cut will lower the price of 95 petrol in Gauteng to R23.38 a litre, from a record high of R26.74 in July.

The department says this was mostly due to a global economic slowdown, and the pandemic lockdowns in China. The rand was trading at R17.24/$ on Monday. That said, petrol cost only R19.61 at the start of the year. This has increased demand for middle distillates". The price of illuminating paraffin will fall by 82c a litre. The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday, the Department of Mineral Resources and Energy announced on Monday.

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Image courtesy of "Independent Online"

Official September fuel price cut lower than expected (Independent Online)

After the price cuts come into effect on Wednesday, September 7, a litre of 95 unleaded petrol will cost you R22.73 per litre at the coast and R23.38 per litre ...

This appears to be due to a negative balance in the Slate Levy of over R13 billion, according to the energy department. While the reductions will most certainly be welcomed by motorists, fuel prices are still extremely high, historically speaking. The Slate Levy was designed to reimburse fuel companies for the imbalances that take place due to the monthly average that determines the fuel price structure.

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Image courtesy of "CapeTalk"

Hooray for fuel price decrease but why is the diesel price drop so ... (CapeTalk)

Refilwe Moloto spoke with Peter Morgan CEO at the Liquid Fuel Wholesalers Association about the latest fuel price decrease.

They will say that the demand for diesel is much higher.Peter Morgan - CEO at the Liquid Fuel Wholesalers Association CoCT launches give-back initiative for locals this Tourism Month](https://www.capetalk.co.za/articles/453883/as-you-wish-coct-launches-give-back-initiative-for-locals-this-tourism-month) [This Tourism Month, the City of Cape Town has launched the 'Freedom to Wish' – a give-back initiative for locals.](https://www.capetalk.co.za/articles/453883/as-you-wish-coct-launches-give-back-initiative-for-locals-this-tourism-month) [Read More](https://www.capetalk.co.za/articles/453883/as-you-wish-coct-launches-give-back-initiative-for-locals-this-tourism-month) The energy ministry announced on Monday that both grades of petrol were set to decrease by R2.04 per litre, a significant saving. The reduction marks a welcome reprieve for average South Africans who may be feeling like they've been held hostage at the pumps. [https://www.123rf.com/photo_75673859_petrol-gun-with-car.html?vti=m993gdgat0cfop4jap-1-12](https://www.123rf.com/photo_75673859_petrol-gun-with-car.html?vti=m993gdgat0cfop4jap-1-12) [More from Business](https://www.capetalk.co.za/topic/24/business) [South Africa has just become a MAJOR producer of liquified natural gas](https://www.capetalk.co.za/articles/453917/south-africa-has-just-become-a-major-producer-of-liquified-natural-gas) [Renergen has started producing LNG in commercial quantities and will soon start delivering it to its customers.](https://www.capetalk.co.za/articles/453917/south-africa-has-just-become-a-major-producer-of-liquified-natural-gas) [Read More](https://www.capetalk.co.za/articles/453917/south-africa-has-just-become-a-major-producer-of-liquified-natural-gas) [SA's Q2 GDP figure contracts by 0.7%](https://www.capetalk.co.za/articles/453913/sa-s-q2-gdp-figure-contracts-by-0-7) [Stat SA on Tuesday released the country’s latest GDP figures.](https://www.capetalk.co.za/articles/453913/sa-s-q2-gdp-figure-contracts-by-0-7) [Read More](https://www.capetalk.co.za/articles/453913/sa-s-q2-gdp-figure-contracts-by-0-7) [UK economy 'not in a healthy place'. However, diesel is set to drop by 56 cents and 46 cents per litre depending on its grade. So if you talk to the traders and you say, guys, why is this gap between petrol and diesel like it is now? Hooray for fuel price decrease but why is the diesel price drop so small? Refilwe Moloto spoke with Peter Morgan CEO at the Liquid Fuel Wholesalers Association to find out why. - Fuel prices are dropping on Wednesday 7 September, but the margin of drop for diesel is significantly less than that of petrol. However, diesel vehicle owners aren't cheering quite as much since their chosen fuel source doesn't appear to be benefitting quite as much as the more common petrol. The fuel price is going down on Wednesday and South Africans couldn't be happier with the decrease.

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Image courtesy of "The South African"

Happy with it? NEW petrol price for September 'now much cheaper' (The South African)

The decrease in fuel costs is good… but not quite great · The official petrol price for September 2022 · Latest Posts.

Although the market remains volatile, the Road Freight Association (RFA) is chalking this one up as a victory… Both grades of petrol will drop by R2.04-per-litre on Wednesday. Secondly, the projections for the remainder of this year aren’t so clear.

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