Energy department announces cuts to most fuel prices on Wednesday, but LP gas to rise
on Wednesday, the department of mineral resources & energy said, bringing some relief to consumers in the first week of 2023.The wholesale price for a litre of 500ppm and 50ppm d
iesel will drop R2.68 and R2.08, respectively. Wholesale illuminating paraffin will fall by R1.93 and the retail price by R2.58.The reductions are the result of a stronger exchange rate and decreases in the Brent oil price. The department said the average price of Brent oil fell from $88.77 a barrel to $85.08 over December and thethe Central Energy Fund released the latest data
that the cuts would help ease the fuel price burden on motorists returning from the holidays and consumers heading into the new year. “These decreases will not take fuel prices to levels seen in January 2022 but will, nonetheless, go a long way to alleviating the fuel price burden — and its associated impact on other prices — felt by millions of South Africans.”
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