Motorists in Nelson Mandela Bay can expect relief at the pumps as petrol prices are set to drop by up to R1 per litre from December 27th. The reduction comes after months of inflated prices due to a tanker accident that disrupted fuel distribution from the Port of Port Elizabeth.
Nelson Mandela Bay consumers have been coughing up more for petrol since October due to hiked transportation cost of fuel from East London. Nelson Mandela Bay ’s hard-done-by businesses and residents will benefit from a drop in the regional petrol price which comes into effect on Friday, 27 December.
Motorists in the Nelson Mandela Bay (NMB) metropolitan area will finally get relief at the pumps when an expected drop of a whopping 80 cents to 84 cents/litre in petrol prices comes into effect on Friday, 27 December. The controversial exemption of the metro from October and November’s petrol price cuts resulted from a drawn-out tanker saga, which affected the Port of Port Elizabeth.In June, a tanker carrying LPG gas crashed into a crucial gantry normally used to transfer fuel to trucks for distribution to petrol stations while it was being piloted into the harbour. This prompted the Liquid Fuel Wholesalers Association (LFWA) to approach Mineral and Petroleum Resources Minister, Gwede Mantashe, to exempt the Nelson Mandela Bay metro and surrounding areas from fuel price reductions as an interim measure until the port became operational again. LFWA CEO, Peter Morgan, explained at the time that with the bunker out of commission, liquid fuels wholesalers had to fetch petrol and diesel from the East London harbour.He stated that wholesalers had already been trucking in 88 million litres of petrol and diesel a month at extra cost, including for extra tankers. Transnet’s delays in fixing the gantry led to an application to have the metro rezoned to allow the liquid fuel wholesalers to recover the extra transport costs, resulting in a significantly higher petrol price for residents. To allow the liquid fuel wholesalers to recover the extra transport costs, Mantashe’s rezoning of the Nelson Mandela Bay region as an “inland” instead of a coastal zone resulted in a significantly higher petrol price for resident
PETROL PRICES TRANSPORTATION COSTS TANKER SAGA NELSON MANDELA BAY FUEL EXEMPTION
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