Minister Gwede Mantashe for Mineral Resources and Energy has announced the adjustment of fuel prices, with effect from September 1, with petrol prices to increase and diesel prices to decrease. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
The price for 93 unleaded petrol (ULP) and lead replacement petrol (LRP) will increase by 4c/ℓ, while the price of 95 ULP and LRP will also increase by 4c/ℓ.
Diesel (0.05% sulphur) will decrease by 15.22c/ℓ and diesel (0.005% sulphur) by 14.22c/ℓ.
As the average Rand/US Dollar exchange rate for the period 30 July to 26 August 2021 shifted from 14.7791 to 14.5359 during the previous period, this led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 13.23 c/l, 12.16 c/l and 11.96 c/l respectively.