South Africa
Automotive Fuel & Energy
Submit newsAdvertiseSubscribe
NewsPress Office NewsCompaniesJobsEventsPeopleMultimediaFeaturesOpinion
AdvertiseSubmit news

Industries

All industriesAgricultureAutomotiveConstruction & EngineeringEducationEnergy & MiningEntrepreneurshipESG & SustainabilityFinanceHealthcareHR & ManagementICTLegalLifestyleLogistics & TransportManufacturingMarketing & MediaPropertyRetailTourism & Travel

Features

BizTrendsCannes LionsPendoringEffie AwardsBizTrendsTVIMC ConferenceOrchids and OnionsThe Lead CreativeLoeries Creative WeekMore Sections..

In the news

RoadCoverDunlop Tyres SAPace Car RentalEnquire about a company Biz Press Office
Agriculture
Automotive
Construction & Engineering
Education
Energy & Mining
Entrepreneurship
ESG & Sustainability
Finance
Healthcare
HR & Management
ICT
Legal
Lifestyle
Logistics & Transport
Manufacturing
Marketing & Media
Property
Retail
Tourism & Travel

News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

Submit content

My Account

Advertise with us

Trending

2 days 7 days 30 days By Industry

Subscribe & Follow

Advertise your job vacancies
    Post your Job Ad here >>
    Search jobs

    Fuel prices drop as crude oil plunges, gas gets more expensive

    Minister of Mineral Resources and Energy, Gwede Mantashe, announced a significant decrease in fuel prices effective from Wednesday, 3 January 2024. The price cuts are due to lower crude oil prices in the international market, as well as the removal of the slate levy, which had been imposed to cover the under-recovery of fuel prices in previous months.
    Lindsey SchuttersBy Lindsey Schutters
    2 Jan 2024
    2 Jan 2024
    Source: Isabella Mendes/Pexels
    Source: Isabella Mendes/Pexels

    The government had an excess of R1.8bn in fuel costs from the slate levy and removing it will benefit motorists in a 26.32c/l saving for all motorists.

    The minister said that South Africa’s fuel prices are adjusted monthly based on local and international factors, including the exchange rate of the Rand against the US Dollar.

    The price of petrol will drop by 62c/l for 93 octane and 76c/l for 95 octane, while diesel will drop by 118.32c/l for 500ppm and 126.32c/l for 50ppm.

    Illuminating paraffin will also decrease by 93c/l, while liquefied petroleum gas will increase by 11c/kg.

    Read more: fuel price, Gwede Mantashe, Department of Mineral Resources and Energy
    Share this article

    About Lindsey Schutters

    Lindsey is the editor for ICT, Construction&Engineering and Energy&Mining at Bizcommunity
    TopicsNext
    Related
    Top stories
    More news
    Let's do Biz