The 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.
Diesel 0.005%of 165 cents per kilogramThe average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review.
The rand appreciated against the US dollar during the period under review, on average, when compared to the previous period. The average rand/US dollar exchange rate for the period 29 July to 1 September 2022 was R16.70 compared to R16.87 during the previous period. This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 12.97 c/l, 15.63 c/l and 15.90 c/l, respectively.
The combined cumulative petrol and diesel Slate balances at the end of July 2022 amounted to a negative balance of R13.168 billion; however, the department has approved a Slate Levy of 83.68 c/l to be implemented into the price structures of petrol and diesel with effect from 07 September 2022.This is how the price changes will reflect at the pumps:
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