The Department of Petroleum and Mineral Resources (DMPR) has announced fuel price increases across all categories, effective Wednesday.
Petrol prices will increase by R3.27 per litre, while diesel will rise by R6.19 per litre for both 0.05% and 0.005% sulphur grades.
The increases come alongside government measures to cushion the impact on consumers, including the extension of a R3.00-per-litre reduction in the general fuel levy for petrol and a R3.93-per-litre reduction for diesel.
The adjusted prices are as follows:
- Petrol 93 and 95 (ULP and LRP): increase of R3.27 per litre
- Diesel (0.05% sulphur): increase of R6.19 per litre
- Diesel (0.005% sulphur): increase of R6.19 per litre
- Illuminating paraffin (wholesale): increase of R4.22 per litre
- Single maximum national retail price for illuminating paraffin: increase of R5.63 per litre
- LPGas: increase of R5.07 per kg in Gauteng and R5.78 per kg in the Western Cape
“The average Brent crude oil price increased from 93.67 US dollars to 101 US dollars during the period under review,” the DMPR said.
“This is due to the continued tension between the US and Iran, the closure of the Strait of Hormuz and damage to other crucial infrastructure, which has affected crude oil supply.”
The department said international product prices followed the upward trend in crude oil. “The prices of middle distillates [diesel and paraffin] increased more than petrol prices because of higher demand and reduced supply from the Persian Gulf.
“These factors led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by R2.04 per litre, R4.96 per litre and R4.21 per litre, respectively.”
It added that the prices of propane and butane had also increased during the period under review due to limited global supply linked to the closure of the Strait of Hormuz. The rand remained stable against the US dollar, contributing less than one cent per litre to the basic fuel prices of petrol, diesel and illuminating paraffin.
