Petrol price to drop by 10c a litre
Crude oil prices, international petroleum product prices and Rand/US Dollar exchange rate have been labelled as the main reasons for the fuel adjustments.
MOTORISTS will breathe a sigh of relief when the cost of petrol drops by 10 cents a litre on Wednesday, 2 June.
The drop in fuel price was announced by Minister of Mineral Resources and Energy, Gwede Mantashe.
According to the Department of Mineral Resources and Energy, fuel prices are adjusted on a monthly basis and are influenced by international and local factors.
The department added that 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.
ALSO READ: Petrol price expected to increase in May
Crude oil prices, international petroleum product prices and Rand/US Dollar exchange rate have been labelled as the main reasons for the fuel adjustments.
Based on current local and international factors, the fuel prices for June 2021 will be adjusted as follows:
- Petrol (both 93 ULP and LRP) will decrease by 10 cents per litre.
- Petrol (both 95 ULP and LRP) will decrease by 10 cents per litre.
- Diesel (0.05% sulphur) will increase by 20 cents per litre.
- Diesel (0.005% sulphur) will increase by 21 cents per litre.
- Illuminating Paraffin (wholesale) will increase by 20 cents per litre.
- SMNRP for IP will increase by 26 cents per litre.
- Maximum LPGas Retail Price will decrease by 143c per kilogram.
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