Fuel prices will drop on Wednesday the Minister of Mineral Resources and Energy Gwede Mantashe has announced.
Mantashe said the downward adjustment of fuel prices was based on current local and international factors with effect from the 5th of January 2022.
Based on current local and international factors, the fuel prices for January 2022 will be adjusted as follows:
Petrol (both 93 ULP & LRP): Seventy-one cents per litre (71.00 c/l) decrease
Petrol (both 95 ULP & LRP): Sixty-eight cents per litre (68.00 c/l) decrease
Diesel (0.05% sulphur): Sixty-seven point eight cents per litre (67.80 c/l)
Diesel (0.005% sulphur): Sixty-nine point eight cents per litre (69.80 c/l)
Illuminating Paraffin (wholesale): Seventy-one cents per litre (71.00 c/l)
SMNRP for IP: Ninety-five cents per litre (95.00 c/l) decrease;
Maximum LPGas Retail Price: Seventy cents per kilogram (70.00 c/kg) decrease.
The fuel prices schedule for the different zones will be published on Tuesday, the 4th of January 2022.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs such as shipping costs.