THE Department of Energy has announced the official fuel price adjustments set to come into effect on Wednesday, 5 January 2022.
All grades of fuel will see prices decreases this month, with petrol down between 68 cents and 71 cents per litre, and diesel decreasing by 67 and 69 cents per litre respectively.
The full list of changes is as follows:
- Petrol 95: decrease of 68 cents per litre
- Petrol 93: decrease of 71 cents per litre
- Diesel 0.05%: decrease of 67 cents per litre
- Diesel 0.005%: decrease of 69 cents per litre
- Illuminating Paraffin: decrease of 71 cents per litre
The movement in prices is affected by two main factors – international petroleum costs, and the movement in the rand/dollar exchange rate.
Minister of Mineral Resources and Energy, Gwede Mantashe noted that the rand depreciated, on average, against the US dollar (from R15.40 to R15.92/dollar) during the period under review.
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