Cash-strapped motorists will see some relief at the petrol pumps 🚙
The department said the average Brent Crude oil price decreased from $105 per barrel to $94 per barrel during the period under review.
“A decreasing trend in oil prices experienced during the period of July and early August due to recession fears and economic slowdown has been countered by declining inventories and supply that is still tight. “All the lockdowns in China have caused the oil price to fall this year thanks to the well-documented effect of lockdowns on oil demand. Chengdu, a city of 21 million people, is the latest to be lockdown in pursuit of China’s zero-Covid strategy,” the department said.“The rand appreciated slightly, on average, against the US dollar during the period under review when compared to the previous one.
“The effective slate levy will be 83.68c/l. This is based on the current over-recoveries and reimbursements of products amounting to R3.6 billion,” the department said. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.","category_class":"child-of-news","time_ago":"10 hours ago","premium":false,"gallery":false,"excerpt":"The latest data predicts a petrol price decrease of R2.18 per litre of 93 unleaded, R2.35 for 95 unleaded and between 77 and 87 cents for diesel.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RFA welcomes large petrol price drop this week | The CitizenThe latest data predicts a petrol price decrease of R2.18 per litre of 93 unleaded, R2.35 for 95 unleaded and between 77 and 87 cents for diesel. PetrolPrice
Read more »
Here is the official petrol price for SeptemberThe Department of Energy has published the latest fuel price updated for September, showing a sizeable cut to both petrol and diesel prices in South Africa.
Read more »
JUST IN | Official petrol, diesel price cuts for Wednesday | Fin24The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday, the Department of Mineral Resources and Energy announced on Monday. | Fin24
Read more »
Nigeria: NNPC Insists 68 Million Litres of Petrol Supplied Across Nigeria DailyThe company says it imported 16.46 billion litres of petroleum between January and August 2022, translating to an average of 68 million litres per day.
Read more »
Daily Lotto results: Saturday, 3 September 2022 | The CitizenTonight's jackpot is R450,000! Here are your winning Daily Lotto results.
Read more »
September ushers in welcome relief at the petrol pumpsDespite recent Rand weakness against the US dollar, the average exchange rate against the US currency is favourable and fuel prices in the country are expected to decrease significantly when adjusted next week.
Read more »