Fuel hikes will be implemented across the board from Wednesday, but they would have been much worse if the fuel levy was not lowered, according to the Department of Mineral Resources and Energy. | Fin24
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Fuel hikes will be implemented across the board from Wednesday, but they would have been much worse if the fuel levy was not lowered, according to the Department of Mineral Resources and Energy. Mineral Resources and Energy Minister Gwede Mantashe announced the adjustment to fuel prices on Monday.Petrol - up 36 c/l.Single maximum national retail price for LP gas: - up 355 c/l., Finance Minister Enoch Godongwana announced that the general fuel levy would be lowered by R1.50 per litre to the end of May in order to provide some relief to consumers who are feeling the effects of rising fuel prices amid the conflict between Russia and Ukraine.
In its statement, the Department of Mineral Resources and Energy also highlighted that there is also a shortage of diesel supply due to lower exports from Russia. As a result, the rate of price increase in diesel is higher than that of petrol.In times of uncertainty you need journalism you can trust. For only, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
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