Petrol price to reduce somewhat in August

From 3 August, the price of petrol, diesel, & illuminating paraffin will drop. However, the LPGas price will increase. petrolprice fuelprice oil

Embattled consumers will get some relief at the pumps come 3 August 2022. The price of petrol will drop by R1.32 per litre, 0.05% sulphur diesel by R0.88/l and 0.005% sulphur diesel by R0.91/l. Illuminating paraffin will decrease by R1.44/l and SMNRP for IP by R1.92. However, the maximum LPGas retail price will increase by R0.57.

77 per barrel to $105 during the period under review, lower crude oil demand due to recession concerns and Covid-19 resurging in China and OPEC and Non-OPEC members deciding to increase oil production. Further, the average international product prices of petrol, diesel, illuminating paraffin and LPG have decreased, while LPG prices rose due a higher freight rate. The minister reminded consumers that the temporary reduction in the general fuel levy comes to an end on 2 August 2022. A R1.

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Petrol, paraffin prices to go down in August“South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that SA imports both crude oil and finished products at a price set at the international level, including importation costs,” the department said in a statement.
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Petrol, paraffin, diesel prices to go down in August“South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that SA imports both crude oil and finished products at a price set at the international level, including importation costs,” the department said in a statement.
Read more »