The Department of Mineral Resources Energy (DMRE) has published the fuel price adjustments for June 2022, showing a steep increase for both petrol and diesel despite last-minute interventions.
IncreaseDiesel 0.05%of 156 cents per litreThe average brent crude oil price increased from $104.78 to $115 during the period under review.Increasing demand amid the summer driving season in the northern hemisphere.The increase of crude oil throughput by refiners to take advantage of high refining margins.
The average international product prices of petrol, diesel and illuminating paraffin increased during the period under review while the price of LPG decreased. The petrol market is also getting tight due to the summer driving season in the northern hemisphere. This has led to higher refining margins resulting in high prices of finished products.
The rand meanwhile, depreciated, on average, against the US dollar, from R14.90 to R15.95 during the period under review. In preparation for the fuel price hikes, the department has offered some fuel-saving tips to help motorists mitigate the higher prices. These include:If you have more than one car at home, use the most fuel-efficient one, especially for longer trips.Travel earlier or later to avoid the known traffic peaks.This is how the price changes will reflect at the pumps:
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