Fuel prices decrease this January

The Department of Mineral Resources and Energy has confirmed that as of Wednesday, January 5, fuel prices across the country will decrease.

According to the department, the fuel price reduction is due to the economic factors which strengthened the Rand.

Also, the price of Brent Crude Oil decreased from 83.00USD to 76.00USD per barrel during the period under review.

“The movement in international refined petroleum product prices followed the decreasing trend in crude oil prices. This led to lower contributions to the Basic Fuel Price of petrol by (100.47 and 102.86) c/l, diesel by (100.20 and 102.00) c/l and illuminating paraffin by 100.41 cents per litre, respectively,” explained the department.

• Petrol (both 93 ULP & LRP) will decrease by seventy-one cents per litre (71.00 c/l)
• Petrol (both 95 ULP & LRP) drops by sixty-eight cents per litre (68.00 c/l)
• Diesel (0.05% sulphur) is decreased to sixty-seven point eight cents per litre (67.80 c/l), while Diesel (0.005% sulphur) also drops by sixty-nine point eight cents per litre (69.80 c/l)
• The price of Illuminating Paraffin (wholesale) decreases by Seventy-one cents per litre (71.00 c/l)
• SMNRP for IP decreases by Ninety-five cents per litre (95.00 c/l) and;
• Maximum LP Gas Retail Price drops by Seventy cents per kilogram (70.00 c/kg).