There’s good news for motorists following today’s announcement by the department of mineral resources and energy that both grades of petrol are set to decrease by 27 cents a litre from tomorrow (Wednesday).
Fuel prices for November will be adjusted as follows:
Petrol (both 93 ULP and LRP) down 27c per litre;
Petrol (both 95 ULP and LRP) down 27c per litre;
Diesel (0.05% sulphur) down 12c per litre;
Diesel (0.005% sulphur) down 11c per litre;
The price of illuminating paraffin (wholesale) will increase by 15c per litre;
The single maximum national retail price (SMNRP) for illuminating paraffin will go up 20c per litre, and the maximum retail price of liquid petroleum gas (LPGas) will increase by 26c per kg.
The department said local and international factors, including the rand/dollar exchange rate, affected the price of fuel.
“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, for example, shipping costs.
“The rand appreciated slightly, on average, against the US dollar during the period under review when compared to the previous one,” the department said, adding that this had led to lower contributions to the basic fuel prices of petrol, diesel and illuminating paraffin.
Meanwhile, during the current fuel price review, the average Brent Crude oil price decreased slightly.
“There is an oversupply of crude oil globally and the renewed lockdown measures across Europe exacerbate the situation,” the department said.
– SAnews.gov.za
