By Following consecutive months of fuel prices decreasing, the prices once again hit a snag due to global conditions forcing an increase to fuel prices in South Africa.
From today, fuel prices will cost more for consumers, a gloomy picture as the cost of living remains stubbornly high. The Rand on the other hand gained some momentum against the US Dollar under the period in review, strengthening from R17. 68 to R17.53; which led to lower contributions to the Basic Fuel Prices of all products by over 8.00 cents per litre.
The Minister for the Department of Mineral and Petroleum Resources Mr Gwede Mantashe announced fuel prices adjustment to be effective from 6 November 2024 as follows:
Petrol 93 (ULP & LRP): Twenty-five cents per litre (25.00 c/l) increase.
❖ Petrol 95 (ULP & LRP): Twenty-five cents per litre (25.00 c/l) increase.
❖ Diesel (0.05% sulphur): Twenty-one cents per litre (21.00 c/l) increase.
❖ Diesel (0.005% sulphur): Twenty cents per litre (20.00 c/l) increase.
❖ Illuminating Paraffin (wholesale): Twenty-one cents per litre (21.00 c/l) increase.
❖ SMNRP for IP: Twenty-eight cents per litre (28.00 c/l) increase.
❖ Maximum LPGas Retail Price: Thirty-six cents per kilogram (36.00 c/kg) increase.
