The second largest state-owned power generation company in Ghana – Bui Power Authority (BPA) – has called on Chiefs and people in the Bui area to support the company’s climate resilience initiatives that seek to reforest degraded lands in the area to protect the Bui Basin which the Bui Dam is situated.
The Chief Executive Officer (CEO) of BPA, Hon. Samuel Kofi Ahiave Dzamesi, made the call in a speech read for him by Ing. Samuel Nimako-Boateng, Director for Power Operations, at the commemoration of Green Ghana Day last Friday at the Bui Generation Station (BGS).
In 2012, BPA commenced a pilot Forest Resource Enhancement Programme (FREP) initiative which has seen a significant expansion from a coverage area of 423.67 acres to 1,433acres under the leadership of the current CEO.
“It is significant to note that due to the recurrent bushfires that often characterize the savannah ecological zone, we had to expand our coverage systematically whilst
ensuring we properly safeguard our investments. It is, therefore, remarkable to announce that during
the year 2023/2024 dry season, no single tree was lost through the bushfires as a result of the
implementation of a well-coordinated Bushfire Management Plan,” the BPA CEO disclosed.
He placed emphasis on Goal 13 of the United Nations Sustainable Development Goals: which advocates for Climate Actions .
He therefore calls for a strong political will with an increased investment using available technologies and that BPA on its part, was deploying more renewables such as hydro, solar and others to limit the global mean temperature from rising up to two degrees celsius above the pre-industrial levels.
“We are committed to ensuring the planting of trees and the conservation of the forest through our flagship programme – FREP – to ameliorate the threats of the climate change to our operations,” he stressed.
He further pledged his commitment to expanding the BPA FREP which is in tandem with the Green Ghana Project.
He indicated that aside from the reforestation of the degraded lands, the conservation of some 26 economic indigenous tree species within the area was ongoing backed by a policy approved by the Board of Directors of BPA.
Hon. Dzamesi commended the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, for his commitment towards such a great initiative and thanked all the stakeholders who have supported this year’s celebration to be a success.
Delivering a welcome message, the Director of Occupational Health, Safety, Security and Environment, Mr. Chrisentus B. Kuunifaa, indicated that a total of ten million (10 million) seedlings were being planted across the country to mark the 4th edition of Green Ghana Day – 2024 through the Forestry Commission under the auspices of the Ministry of Lands and Natural Resources, of which BPA was planting a total of 16,003 tree species comprising gmelina, teak, mahogany, cedralla and ceiba at the Bui generating station to increase the forest cover.
He further stated that, “climate change is imminent and building climate resilience is crucial to realise an important relationship that is a Water-Energy-Forest nexus to guarantee a sustainable hydro power deployment”.
Mr. Kuunifaa, therefore, envisioned that the trees being planted would go a long way “to create more carbon sinks, improve micro climate, the hydrological cycle and provide ecosystem services.”
Source: https:// energynewsafrica.com
Ghana’s President Nana Addo Dankwa Akufo-Addo has noted that African countries risk experiencing excess heatwaves if care is not taken.
This, he said, is the reason why Ghana initiated ‘Green Ghana Day’ to grow more trees to mitigate the ripple effects of extreme weather and climate change.
He explained that some 42 million trees have been planted so far, with at least 80 per cent of them surviving.
President Akufo-Addo made these remarks at the commemoration of this year’s ‘Green Ghana’ tree planting initiative, which aims to plant ten million trees across the country.
He called on all Ghanaians to make it a duty to plant a tree and nurture it to maturity.
President Akufo-Addo also called on the private sector to financially support the Green Ghana project, aiming to lessen the burden on the public purse.
Highlighting the alarming impacts of climate change, President Akufo-Addo referenced the dire situation in South Sudan, the horne of Africa, where extreme heatwaves are threatening human habitation.
He noted that air pollution is responsible for approximately 6.7 million deaths annually, and biodiversity loss continues to endanger ecosystems worldwide.
“The science tells us that forests play a crucial role in sustaining life on earth and tackling the triple planetary crises,” the President stated.
He pointed out that Agriculture, Forest and Land Use (AFOLU) activities contribute significantly to Ghana’s greenhouse gas emissions, and maintaining forests is essential for carbon sequestration, biodiversity conservation and pollution control.
He noted that since the inception of the Green Ghana Project, over 42 million trees have been planted, and the 2024 goal is to add another 10 million, bringing the total to 52 million trees in just four years.
This ambitious target, he said, aligns with Ghana’s commitment to reducing greenhouse gas emissions by 64 million tonnes of CO2 equivalent by 2030.
President Akufo-Addo called on all Ghanaians to embrace the theme of this year’s Green Ghana Day, ‘Growing for a Greener Tomorrow’.
He urged citizens from all walks of life to participate in the national tree planting exercise, emphasising the importance of nurturing the planted trees to maturity to achieve a sustainable future.
He also appealed to the private sector to support this noble venture, emphasising that it should not burden the public treasury.
“Let us go out, not only to plant trees, but grow them for a ‘Green Tomorrow.’ This is a duty we owe not only to the current generation but to generations yet to come,” he declared.
The Minister for Lands and Natural Resources, Hon. Samuel A. Jinapor, praised President Akufo-Addo’s unwavering support for the Green Ghana initiative.
He highlighted the President’s leadership in environmental protection and forest restoration since the programme’s inception in 2021.
Minister Jinapor expressed gratitude to the Ghana Armed Forces for their vital role in the programme’s organisational success, particularly in the logistics and distribution of seedlings while announcing their planting of over 1000 tree seedlings as their quota to support the 2024 Green Ghana Day.
The Minister outlined Ghana’s significant strides in global forest management and climate action.
At COP26 in Glasgow, Ghana played a pivotal role in the Glasgow Leaders’ Declaration to halt and reverse forest loss by 2030.
This leadership has been recognised globally, leading to Ghana’s co-chairing of the Forest and Climate Leaders’ Partnership (FCLP) alongside the United States.
This partnership aims to balance forest protection with food production and advance nature-based climate solutions.
Highlighting the impact of these initiatives, Mr Jinapor noted that Ghana was the second GDB country in Africa and the third globally to receive results-based payments from the World Bank’s Carbon Fund for reducing emissions.
“The Green Ghana Day has become a cornerstone of these efforts, with the survival rate of planted trees increasing significantly each year, from 67% in 2021 to 81% in 2023. This year’s theme, ‘Growing for a Greener Tomorrow’, reflects the commitment to not just planting trees but ensuring their growth and contribution to the fight against climate change,” he added.
Source: https://energynewsafrica.com
A liquefied petroleum gas (LPG) tanker carrying 29 tonnes of LPG has been involved in an accident at Juaso on the Kumasi-Accra highway.
This was revealed by the Ghana National Fire Service (GNFS) in a post on their official Facebook page on Sunday afternoon.
According to the GNFS, the Konongo-Odumase Fire Station received a report about the accident and quickly dispatched a rescue team to the accident scene near a GOIL gas-filling station.
“A rescue team was dispatched to the scene where they found a DAF XF tanker carrying 29 tonnes of LPG involved in an accident.
“The crew monitored and helped prevent any explosion by cooling the LPG tanker,” the GNFS said.
It was unclear what caused the accident.
Images sighted by this portal showed a DAF XF with registration number 11 KN 6636 lying in the bush.
Per the information available so far, no casualty has been reported.
Source: https://energynewsafrica.com
Some selected journalists in Accra, the capital of Ghana, West Africa, on Thursday, were taken through the operations of key power sector players at the Best Western Premier Hotel located in the Airport residential area.
The event which was organised by Energy News Africa Limited, an independent digital publishing firm, brought together journalists from the print, online, radio and television stations.
The Volta River Authority, Ghana’s largest state power generation company, made a presentation on their operations followed by the Electricity Company of Ghana (ECG), West African Gas Pipeline Company and Public Utilities Regulatory Commission (PURC).
The former CEO of Ghana Grid Company (GRIDCo), Ing. Jonathan Amoako -Baah who was the keynote speaker delivered a speech on the topic: ‘Energy Sector Debt: How To Resolve It To Ensure Reliable And Efficient Electricity Supply.‘
Delivering a welcome speech, Michael Creg Afful, Editor of energynewsafrica.com, emphasised the continuous training of the media to deepen the relationship between players in the power sector value chain and the media.
He said the training programme was to enable the media to understand the industry better to help them report accurately on issues from the industry to cure misinformation that is sometimes spread on social media.
Ing. Jonathan Amoako-Baah, former Chief Executive Officer of Ghana Grid Company, GRIDCo.Ing. Kwame Osei Mensah Darkwah, VRA.Engineer Benoni Owusu Ayeh, Operations & Maintenance Superintendent (Western Area), West African Gas Pipeline Company.Mr. Ebenezer Ghunney, Acting Director of Operations, ECG.Dr. Belinda Yeboah Dwamena, ECG.Dr. Eric Obutey, Director of Corporate Affairs, PURC.Mrs. Tandy Chotia, Corporate Affairs Manager, VRA.William Boateng, Director of Communications, ECG.Source: https://energynewsafrica.com
The continuous depreciation of the Ghanaian Cedi against international currencies especially the US dollar has pushed fuel prices higher for the first pricing window in June, energynewsafrica.com can report.
Although both crude oil and refined petroleum products prices have been declining on the international market since May, the poor performance of the local currency has pushed petroleum prices upward at the pumps, with petrol selling between Gh¢14.84 and Gh¢13.88 per litre while diesel is selling between Gh¢14.84 and Gu¢13.99 per litre.
Data from the National Petroleum Authority, the petroleum downstream regulator, showed that the prices of refined petroleum products, namely petrol and diesel declined to US$851.73 and US$749.70 per metric tonne during the second pricing window in May.
Though NPA quoted an exchange rate of Gh¢14.47 to US$1, commercial bank average rates compiled by the Research Desk of Ghana Chamber of Bulk Oil Distributors (CBOD) on May 20, 2024, showed that forex rates were between Gh¢14.70 and Gh¢14.80 to US$1.
At the Forex Bureaus, a US dollar was exchanged for more than Gh¢15.
Currently, GOIL is selling petrol (Ron 91) at Gh¢14.60 per litre while petrol (Ron 95) is sold at Gh¢15.60 with diesel being sold at Gh¢14.75 per litre.
Shell is selling both petrol and diesel at Gh¢14.84 per litre.
TotalEnergies is selling both petrol and diesel at Gh¢14.65 per litre.
Star Oil is selling petrol at Gh¢13.88 per litre while diesel is sold at Gh¢14.25 per litre.
Puma is selling petrol at Gh¢14.45 per litre while diesel is sold at Gh¢14.60 per litre.
Source: https://energynewsafrica.com
The Secretary to the Government of the Federation(SGF) George Akume, has condemned the shutdown of the national grid by the organised labour, describing it as a “treasonable offense”
Addressing the National Executive Council of the Christian Association of Nigeria (CAN) in Abuja, on Thursday, June 6,2024, Mr Akume said that there was nowhere in the world where labour ever interrupted the national grid, and advised labour against actions that could jeopardise government efforts.
“It is treason! Treasonable felony is economic sabotage, you don’t do that.
“We are trying to rebuild the economy. The nation is picking up, and they want to destroy it. Of what use is that to all of us? That is not the way,” he said.
Mr Akume said that the federal government was not only committed to paying new minimum wage, stressing that it was also focusing on productivity and economic stability.
“Our people must rise up and have something in their pockets. It is not about demanding N100,000 without productivity.
“We are looking at controlling inflation and ensuring a balanced economy,” he asserted as carried News Agency of Nigeria (NAN).
The SGF urged Nigerians to remain calm in spite of the current economic challenges.
“Nigerians must remain calm. President Bola Tinubu is working to improve the economy,” Akume said in Abuja on Thursday, while addressing the National Executive Council of the Christian Association of Nigeria (CAN).
He said that the current administration took over power when the economy was in a turbulent state, noting, however, that massive reforms were being undertaken.
“One of them, which appears to be a little bit tough for people to understand, is the removal of subsidy on fuel. People should stop shouting; they need to know the actual truth,” Mr Akume stated.
He said that government had taken several measures to address current hardships, including swift actions in implementing palliatives to cushion the effects of the reforms.
“We are all aware of the N35,000 wage award for workers, which means a N30,000 minimum wage with 35,000 on top of that.
“Additionally, 100 billion naira for CNG fuel buses will help reduce transportation costs and food prices,” he added.
He said that government also took some measures to support various sectors.
“These include the allocation of N125 billion in conditional grants and financial inclusion for medium and small enterprises, and 150 billion naira in palliative loans to states to mitigate the impact of fuel subsidy removal.
“We are providing 200 billion naira to support the cultivation of hectares of land, which is even more now,” Akume said.
He added that there were buses ready to be distributed soon, while rice and other essentials would also be made available.
Source: https://energynewsafrica.com
The Central African Republic(CAR) authorities have announced the temporary requisition of six out of eleven Tamoil service stations in Bangui.
According to a report by African News, these stations will be managed for 45 days to ensure regular fuel supply, salary payments, and tax contributions.
The Minister for Energy Development and Hydraulic Resources, Arthur Bertrand Piri recently fined Tamoil 200 million CFA francs (about 300,000 euros) for not maintaining fuel supplies.
In response, Tamoil defended itself, noting that Cameroonian company Neptune has had exclusive import rights since September.
Recently, gasoline shortages have affected both former Total stations and competitors, with private companies struggling to obtain sufficient fuel. The shortages are attributed to limited stocks and inadequate supplies transported by road from Douala.
Despite ongoing disputes since acquiring Total’s operations, Tamoil’s owner, Rochefort & Associates, remains committed, focusing on reopening provincial stations and resuming airport activities.
For more than a month, CAR has faced a a series of fuel shortage, with Bangui being the hardest hit. Long lines of cars and motorcycles queue at service stations, hoping to get fuel.
While most stations are closed, a few struggle to stay open, working tirelessly to serve customers until they run out of fuel by around 10 am local time.
This effort is insufficient as the price per liter has skyrocketed from 2,000 to 3,000 francs.
Street vendors are forced to go to neighboring Congo to procure fuel, reselling it at high prices. The economic impact is already evident, and concerns are growing across the country.
Source: https://energynewsafrica.com
Three persons have been killed in Rivers State in the Federal Republic of Nigeria after a fuel tanker exploded on Tuesday.
The tragic incident occurred when a petrol-laden tanker veered off the road, colliding with a taxi and bursting into flames at the Obiri Ikwerre flyover section of the East-West Road at about 9:00 am on Tuesday.
SP Grace Iringe-Koko, the spokesperson of Rivers State Police Command, told the News Agency of Nigeria (NAN) in Port Harcourt that the car’s occupants were severely burnt and that they could not be identified.
“I can confirm that three persons perished after a tanker carrying petrol fell on a commercial vehicle at the Obiri Ikwerre flyover stretch of the East-West Road.
“The Fire Service has successfully put out the fire, but the area has been cordoned off due to ongoing petrol leakage from the tanker.
“The Commissioner of Police, Tunji Disu, and I were on the ground earlier to assess the situation,” she said.
Iringe-Koko added that traffic has been diverted from the flyover to alternative routes to prevent further casualties.
The incident happened a few kilometres from the Port Harcourt Teaching Hospital and the University of Port Harcourt.
There was an extensive gridlock stretching a few kilometres on the road that connects to the ₦200 billion Ring Road project currently being constructed by the Rivers Government.
An eyewitness, Ebiere Faith, noted the explosion’s impact was felt kilometres from her office.
“Some individuals said that their glass windows were shattered due to the impact of the explosion,” she added.
Source: https://energynewsafrica.com
GOIL PLC, a leading indigenous oil company in the Republic of Ghana has maintained its dividend to shareholders despite a challenging year.
This was announced at the company’s 55th Annual General Meeting of shareholders held in Accra.
The meeting which was also attended by other stakeholders declared a dividend of GH¢0.056 per share, amounting to GH¢21,944,335.00 for the year ending 31st December.
The Board Chairman of the company, Mr Reginald Daniel Laryea, told shareholders that despite a tough operating environment, GOIL PLC achieved a modest profit of GH¢54.7 million profit.
He explained that the adoption of sound financial, operating and marketing strategies enabled the company to achieve modest consolidated profit in the face of difficulties it faced in 2023.
This includes high operational costs, elevated inflationary pressures and higher utility costs.
This was in addition to industry-wide product quality issues which have been successfully resolved.
GOIL, he said, would continue to showcase its resilience in its ability to generate returns for shareholders as a demonstration of keeping faith with them even in times of difficulties.
He expressed appreciation for the steadfast support and confidence shareholders of GOIL have in the company, saying, “Your shareholding is highly valued and cherished, thus, the decision to maintain the dividend payment. This reflects our commitment to shareholder value and our optimism for the future of your company.”
On assets, Mr Laryea noted that even though the consolidated total assets decreased from GH¢4.6 billion in 2022 to GH¢4.0 billion in 2023, the consolidated non-current assets including property, plant and equipment grew from GH¢1.4 billion in 2022 to GH¢1.6 billion in 2023, representing a 14.58 per cent increase. This highlights the company’s continued investment in key assets to support future growth and sustainability, he asserted.
GOIL, he noted, has also identified a strategic partner with whom it has signed a Farmout Agreement after conducting mutual due diligence.
The signing of a new farm-out agreement followed the pull-out and exit of ExxonMobil from the Deepwater Cape Three Points (DWCTP) block Petroleum Agreement (PA).
On the future outlook for the business, the Group CEO/MD of GOIL Plc, Hon. Kwame Osei Prempeh, announced that the GOIL Bitumen plant is now fully operational and would officially be inaugurated soon.
Additionally, the two LPG Cylinder Recirculation Plants in Tema and Kumasi are expected to be completed in the first quarter of 2025.
These and other prudent administrative decisions by the Board and Management of the business, make the prospects of the company very bright, hoping to give shareholders good dividends.
Present at the 55th GOIL AGM were board members, management of business, shareholders, representatives from the oil marketing industry, the Board Chairman of GoEnergy and former MD of GOIL, Mr Patrick Akorli, Brand Ambassador for GOIL, Prof Azumah Nelson, and other stakeholders.
Source: https://energynewsafrica.com
Vivo Energy Ghana, the Shell Licensee, in partnership with the United Way Ghana and the Academic City University College, have launched an innovative sustainable development initiative dubbed Green4Clean Schools Renewable Energy Project for schools in its communities.
The launch also included the donation of solar lamps to all final year students of La Enobal Basic School and La Presby Primary School A&B to ensure they have a reliable source of light as they prepare towards their Basic Education Certificate Examination (BECE) in July.
Under the theme, ‘Building a sustainable future’ the Green4Clean Schools Renewable Energy project seeks to empower and provide students of beneficiary schools with an in-depth understanding of various renewable energy sources, including solar energy.
With the introduction of innovative educational programmes and practical demonstrations, the project aims to inspire the next generation to embrace sustainable energy solutions and raise awareness about environmental challenges and the importance of adopting sustainable energy practices within the school and the broader community.
In her keynote speech, Shirley Tony Kum, Corporate Communications Manager at Vivo Energy Ghana, who spoke on behalf of the Managing Director, reiterated the company’s dedication to nurturing a generation of eco-conscious leaders who will shape a more sustainable future.
“Vivo Energy Ghana believes in the power of education as a catalyst for change. Each solar lamp donated, each panel installed, each lesson taught, and each mind inspired may seem like a small step, but collectively, have the power to transform our world,” she said.
The President of the Governing Council of United Way Ghana, Mr Worlanyo Ocloo commended Vivo Energy Ghana for their commitment and generous funding of the project: “Your dedication to supporting underserved communities and infectious excitement for green energy are truly inspiring.” he said.
Mr Ocloo emphasised the importance of the project in helping to address current climate issues, stating that the project’s impact extends beyond educating and preparing young minds for a responsible relationship with green energy technologies.
“This project has the potential to save lives.” he added.
The Chairperson and Director of Education of the La-Dade Kotopon Municipal Assembly, Madam Habiba Kotomah stated that by integrating renewable energy solutions into educational structures, “we are setting an example and demonstrating the transformative potential of sustainable technologies.”
Source: https://energynewsafrica.com
French multinational oil company TotalEnergies, has signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million.
West Burton Energy owns and operates the West Burton B gas-fired power plant in Nottinghamshire, in England. West Burton B comprises three combined-cycle gas turbines (CCGT) with total output of 1.3 GW.
Commissioned in 2013, it is one of the UK’s most advanced power plants and supplies some 1.8 million homes. A 49 MW battery storage system was added in 2018.
This acquisition rounds out TotalEnergies’ renewable power generation capacity in the UK with a flexible asset that mitigates intermittency to enable the supply of firm power to customers.
Given the size of the Company’s renewable portfolio in the country, which currently stands at 1.1 GW of gross installed capacity and 4.5 GW under development, TotalEnergies assesses its need for gas-based power generation capacity at 700 MW; the Company therefore plans to divest 50% of the acquired assets.
The deal will also allow TotalEnergies to strengthen its trading capabilities in the country’s electricity and gas markets, as well as its ability to provide increasingly affordable, available and sustainable energy to its 300,000 UK electricity and gas customer sites.
Finally, the Company will supply the plant by leveraging its positions in natural gas production in the country, where it operates 30% of the projects.
This brings TotalEnergies’ worldwide flexible power generation portfolio to around 7 GW of gross capacity, in addition to its 23 GW of gross renewable capacity.
“I am delighted to welcome the West Burton B team to TotalEnergies. This acquisition contributes to our integrated strategy in the UK, which combines renewable and flexible generation capacity.
“It complements our 1.1 GW Seagreen offshore wind farm and allows us to accelerate development of our Integrated Power activities in power generation, trading and marketing in this market,” said Stéphane Michel, President, Gas, Renewables and Power at TotalEnergies.
“The deal also contributes directly to our 2028 ROACE target of around 12% in this business sector.”
The transaction is subject to authorization from the competent authorities.
Source: TotalEnergies
The Manager in charge of Water Coordination and Partnership at the African Development Bank (AfDB), Jeanne-Astrid Ngako De Foki, has urged the Government of Ghana to navigate the effects of climate change and come up with strategies to fast-track access to potable, affordable and reliable water for Ghanaians.
She challenged Ghana to draw inspiration from the bold decision of its West African neighbour, Benin, which has invested
invested US$2.6 billion to improve water access and affordability by doing the same.
She observed, “This is the only way to bridge the gap between the rural-urban water supply chain to enhance water quality access to the people.”
She made the call while delivering a speech as the Special Guest at the 3rd edition of the Public Utilities Regulatory Commission (PURC) Regulatory Conversation Series in Accra, the capital of Ghana.
The 2024 Regulatory Conversation Series was under the theme: ‘Confronting the Status Quo of Ghana’s Drinking Water Supply: Best Practices in Resilience, Sustainability and Investment’.
According to Joanne Strid Ngako De Foki, Ghana needs a holistic approach to deal with the challenges. She, therefore, urged Ghana to emulate the water supply models of Benin, Argentina, Morocco or Egypt, adding, “If followed could assist Ghana to solve challenges in the water sector.”
She also suggested a Public-Private partnership as key to attracting huge investment into the water sector if Ghana wants to see significant growth and development in the area.
She further called for a fair balance between social and economic systems of water management to ensure efficiency in the water distribution chain.
She also tasked the PURC which regulates the sector to ensure regulatory efficacy to ensure prudent practices in the sector, especially on the tariffs regime if it wants to operate to ensure a fair balance between affordability and profitability.
She further warned Ghana not to take for granted its numerous sources of water to undertake acts that would negatively impact them.
In his opening remarks, the Chairman of the Public Utilities and Regulatory Commission (PURC), Mr Ebo Quagrainie, questioned Ghana’s failure to merge rural and urban water regulation under one body.
He argued that since there are over 1,500 private water suppliers without being regulated, portability and affordability could be a big problem for Ghana, adding that the health problems from unwholesome water could equally be another great factor that should be critically looked at.
“It is worth noting that despite the significant progress in the water sector in Ghana, obstacles persist that impede universal access to safe drinking water. These circumstances have prompted us to question whether, after several years of implementing the aforementioned reforms, it is not time to reassess the situation,” he questioned.
Source: https://energynewsafrica.com
Nigerian labour unions have suspended their nationwide strike for five days to give room for uninterrupted meetings with the tripartite committee on the new national minimum wage.
The President of the Trade Union Congress, Festus Osifo, disclosed the development to newsmen on Tuesday in Abuja, Nigeria’s capital.
Osifo spoke after the organs of Organised Labour met in Abuja on Tuesday, following a position presented to it by the Federal Government team at a late-night meeting.
The meeting, convened by the Secretary to the Government of the Federation, George Akume, promised that President Bola Tinubu would approve a minimum wage above N60,000 for workers.
Source: https://energynewsfrica.com
South African motorists can breathe a sigh of relief as petrol and diesel prices are expected to drop effective, Wednesday, June 5, 2024.
The price reduction will be welcome by South Africans as they navigate a hostile economic climate.
According to a release from the Department of Mineral Resources and Energy (DMRE), the price of both 93 and 95 octane petrol will decrease by R1.24 per litre effective Wednesday.
The price of diesel (0.05% sulphur) will be cut by R1.19 per litre, while diesel with 0.005 per cent sulphur will drop by R1.09 per litre.
Meanwhile, illuminating paraffin will cost 80 cents less per litre, while the price of LP Gas decreases by R1.35 per kilogramme.
The DMRE said several international and local factors contributed to the decreases in petrol and diesel prices.
Source: https://energynewsafrica.com
Source: https:// energynewsafrica.com 
Source: https://energynewsafrica.com 
Source: https://energynewsafrica.com 
