Minister Gwede Mantashe Announces Fuel Hikes From Wednesday

petrol
Woman pumping petrol at gas station into vehicle. Krasula / Shutterstock.com

Mineral Resources and Energy Minister Gwede Mantashe on Monday announced fuel price hikes amid fears that the cost of food and other goods will be affected.

The minister said that based “on current local and international factors”, the fuel prices for July 2022 will be adjusted as follows:

❖ Petrol (both 93 ULP and LRP): two hundred and thirty seven cents per litre (R2.37 per/l) increase;

❖ Petrol (both 95 ULP and LRP): two hundred and fifty seven cents per litre (R2.57 per/l) increase;

❖ Diesel (0.05% sulphur): two hundred and thirty one cents per litre (R2.31 per/l) increase;

❖ Diesel (0.005% sulphur): two hundred and thirty cents per litre (R2.30 per/l) increase;

❖ Illuminating Paraffin (wholesale): one hundred and sixty six cents per litre (R1.66 per/l) increase;

❖ SMNRP for IP: two hundred and twenty one cents per litre (R2.21 per/l) increase;

❖ Maximum LPGas Retail Price: two hundred and eighteen cents per kilogram (R2.18 per/kg) decrease.

The fuel prices schedule for the different zones will be published on Tuesday, 5 July 2022.

Before the announcement, the Democratic Alliance said it, “believes that further fuel price hikes, such as the one anticipated this Wednesday, will push tens of millions of South Africans even deeper into a financial and humanitarian crisis”.

However, Mantashe said the adjustment of fuel prices effective on Wednesday was based on current local and international factors.

LEAVE A REPLY

Please enter your comment!
Please enter your name here