Petrol price

More bad news for motorists as the Central Energy Fund (CEF) has confirmed a R1.27 per litre retail price increase for petrol (93 and 95 octane) on ...

Motorists started the year on a happy note with price cuts of more than R2 per litre for petrol and diesel in January. The average international product prices for petrol increased, while diesel and paraffin decreased during the period under review, said the CEF. However, in February this was followed by a 28c per litre increase in the petrol price and a rise of 9c per litre in the wholesale price of 500 ppm diesel, while 50 ppm diesel decreased by 1c per litre.

The DMRE said there were several international and local factors that contributed to the petrol price increase.

“The negative slate balance on petrol and diesel amounted to R2,7 billion at the end of January 2023. “Petrol prices are increasing at a higher rate than diesel because of lower inventory levels globally and closures of refineries in some countries for seasonal maintenance. The main contributing factors is the weekly report that showed that crude oil inventories continued to rise for the ninth month in a row.” A slate levy increase of 4,38 c/l (from 17.54 c/l to 21,92c/l) will be implemented into the price structures of petrol and diesel, in line with the Self-Adjusting Slate Levy Mechanism rules effective from the 1st of March 2023,” the department said. Consider the pros and cons](https://www.citizen.co.za/motoring/what-to-look-for-when-buying-a-car-vehicle/) The price of diesel (0.05% sulphur) increases by 30 cents per litre while diesel with (0.005% sulphur) increases by 31 cents per litre.

Ever since the government announced the deregulation of retail fuel prices in August 2015, they have been revised every month to be aligned with global ...

According to globalpetrolprices.com, the UAE petrol price is cheaper by Dh1.84 litre when compared to global average rates. Petrol prices are revised every month ever since the government announced deregulations of retail fuel prices in August 2015 to be aligned with the global rates. In the UAE, only value-added tax (VAT) is levied on retail fuel prices. As of February 20, the average fuel price was Dh2.93 in the UAE as compared to the global average of Dh4.77. Prices were on the lower side in the last four months of 2022 due to fear of the global economy slipping into recession. Oil prices peaked in the UAE in July 2022 when all three variants were priced above Dh4 per litre due to a major increase in global rates after the Russia-Ukraine crisis, fearing disruption of oil supply. UAE retail fuel prices in 2022-23 (dirhams per litre) Local fuel prices remain substantially cheaper when compared to global rates even after the deregulation because most of the countries levy heavy taxes on the consumption of fuel. The UAE’s Fuel Price Committee is likely to announce retail petrol prices for the month of March 2023 soon to be at par with the global rates. The revised prices are usually announced on the last day of the month, but there were instances when they were released on the second last day of the month. On Monday, oil prices dropped slightly in Asia with Brent trading at $82.88 a barrel, down 0.34 per cent, while WTI fell 0.29 per cent to $76.1 per barrel. The Committee increased retail fuel prices by more than 10 per cent month-on-month for February 2022, pricing Super 98, Special 95 and E-Plus at Dh3.05, Dh2.93 and Dh2.86 per litre, respectively.

According to IOL, “93 ULP and 95 ULP petrol are expected to climb by between R1.22 and R1.27 per litre; diesel is expected to increase by around 28 cents per ...

This implies that the possibility of a global recession still looms, hence investors are preferring to move funds out of risky emerging markets like South Africa and invest in the secure US market.” Also read: Motorists should tighten their belts further as yet another fuel hike is to be expected in the coming week.

The Department of Mineral Resources and Energy reports that the price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre.

The publication reports that the rand took a big hit in February, as the dollar rallied due to expectations that US interest rates will still be hiked by large margins. A year ago, 95 petrol retailed for R21.60 in Gauteng. In Gauteng, the price of a litre of 95 unleaded petrol will increase to R22.95, while it will increase to R22.30 on the coast. The Department of Mineral Resources and Energy reports that the price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre, while diesel will go up by between 30c and 32c. The Department of Mineral Resources and Energy reports that the price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre. Illuminating paraffin will increase by 13c a litre, while the maximum retail price for LP gas will be hiked by R5.22 a kilogram.

While the price of Brent crude remained below 85 dollars a barrel, the weaker rand has raised the cost of importing fuel. The rand has taken a knock over the ...

KARACHI: The government might not pass on the major reduction in the international price of diesel and petrol to adjust the previous exchange losses as well ...

According to the oil industry sources, the average price of diesel for the next fortnightly review dropped by $7/barrel, which in term of Pakistani rupee comes to Rs30/litre reduction for the domestic price of diesel. “It is likely that the government would pass on partially the adjustment because of getting space on the exchange rate side,” sources said. Currently, it is Rs40/litre on diesel. Average price of petrol dropped to $90/barrel for the next review of prices compared to $93/barrel in the last fortnightly review of prices, translating into Rs10/litre reduction for the consumers in the local market. The average price of diesel in the global market fell to around $100/barrel compared to $107/barrel in the previous fortnight. KARACHI: The government might not pass on the major reduction in the international price of diesel and petrol to adjust the previous exchange losses as well as to raise taxation on the fuels, The News learnt on Monday.

South Africa's petrol price is lower than the global average. · And it's about average for Southern Africa, too. · We're still far off the world's priciest petrol ...

The average price of petrol worldwide is currently R23.34 per litre, R2 more than South Africa's current price. But it's about average compared to our neighbours. Fuel comes at a drastic premium - or steep discount - in many parts of the world. But those that charge less than R10 a litre, like Venezuela, Libya, Iran, Angola, Algeria, Kuwait and Egypt, do much the same on the other end of the scale. Countries next in line, like Iceland, Norway, Monaco, and Denmark, all charge about R40 a litre. - Here's how South Africa's petrol price compares to our neighbours, Africa, and the priciest countries abroad.

The Department of Mineral Resources and Energy has announced fuel price increases for the month of March.

The price of illuminating paraffin will increase by between 13 cents per litre at wholesale level and 17 cents a litre at retail level. A litre of petrol will increase by R1.27 per/litre, and diesel will increase by 30.38 cents per litre. The Department of Mineral Resources and Energy has announced fuel price increases for the month of March.

The Department of Mineral Resources and Energy announced a MASSIVE petrol hike on Wednesday TOMORROW. It is time to fill up.

The impact of the EU sanctions on diesel imports from Russia was already priced in, it added. ALSO READ:

With petrol prices climbing in South Africa, with unleaded fuel costing R21.38 per litre – an increase of R9.5 since 10 years ago – locals may be curious to ...

[South Africa](https://nnn.ng/tag/south-africa/), with unleaded fuel costing R21.38 per litre – an increase of R9.5 since 10 years ago – locals may be curious to see how their fuel price fares on a global scale. [](https://nnn.ng/hausa/#=naijanewshausa) [](https://nnn.ng/i/#=twitter link shortner) [Venezuela](https://nnn.ng/tag/venezuela/) and [Libya](https://nnn.ng/tag/libya/) as examples. [](https://nnn.ng/#:~:text=blogger outreach firm) [Foreign](https://nnn.ng/foreign/) [South Africa](https://nnn.ng/comparing-south-africa-s-fuel-cost-to-the-rest-of-the-world/#South Africa)

In his budget speech on February 22, finance minister Enoch Godongwana said the general fuel levy and the road accident fund levy will not increase. This means ...

In his budget speech on February 22, finance minister Enoch Godongwana said the general fuel levy and the road accident fund levy will not increase. Motorists started the year on a happy note with price cuts of more than R2 per litre for petrol and diesel in January. The average international product prices for petrol increased, while diesel and paraffin decreased during the period under review, said the CEF.

The Department of Mineral Resources and Energy has announced that petrol prices will increase amid a supply crunch worldwide, reports News24. The price of both ...

Petrol prices are increasing at a higher rate than diesel because of lower inventory levels globally and closures of refineries in some countries for seasonal maintenance, the department said in a statement. Peak demand in summer is around 30 000MW (in winter, this number will be ±34 000MW). The price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre, while diesel will go up by between 30c and 32c.

Petrol prices are expected to increase on Wednesday, the Department of Mineral Resources and Energy (DRME) announced.

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That will take the price of a litre of unleaded 95 petrol to R22.95 when filling up inland and R22.30 on the coast. Wholesale diesel prices are increasing by ...

95 unleaded 93 unleaded September 2022 August 2022 95 Unleaded 93 Unleaded - 95 unleaded petrol (retail) — R1.27 increase - 93 unleaded petrol (retail) — R1.27 increase - LPGAS (maximum retail) — R5.22 increase - Illuminating paraffin (maximum retail) — 17 cents increase - Illuminating paraffin (wholesale) — 13 cents increase - 500ppm diesel (wholesale) — 30 cents increase

Petrol prices will jump on Wednesday amid a supply crunch worldwide, the Department of Mineral Resources and Energy announced on Monday night.

The impact of the EU sanctions on diesel imports from Russia was already priced in, it added. The rand took a big hit in February, as the dollar rallied due to expectations that US interest rates will still be hiked by large margins. A year ago, 95 petrol retailed for R21.60 in Gauteng. In Gauteng, the price of a litre of 95 unleaded petrol will increase to R22.95, while it will increase to R22.30 on the coast. [maintenance](/topic/maintenance), the department said in a statement. The price of both 95 and 93 unleaded petrol will be hiked by R1.27 a litre, while diesel will go up by between 30c and 32c.

The energy department has confirmed price increases of 1.27 per litre for petrol. Petrol (both 93 and 95 unleaded petrol and leaded replacement petrol): will ...

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Johannesburg - As if South African consumers' budgets aren't already stretched thin, an increase in fuel prices at midnight will force them to dig deeper ...

The cumulative effect on personal finances will be a further reduction of disposable incomes, which will be exacerbated by increases to goods and services that must recoup the higher fuel input costs." Because we also have to remember that on April 1, 2023, the 18.65% Eskom increase also comes into effect," said Botha. Ensuring vehicles are well maintained and in good mechanical condition, carefully planning routes, and avoiding heavy traffic, if possible, are some ways in which motorists can ensure better fuel consumption," said the association. In terms of the diesel price, the sole contributor to the expected increases is the weaker exchange rate," said AA. "The increases to the price of petrol are big and will have a negative impact on household budgets. So it's definitely not a good thing, and South Africans are really going to have to start cutting down and start budgeting.