South Africa’s Department for Mineral Resources and Energy announced significant reductions in fuel prices last week, bringing some form of relief to motorists who have been lamenting over the high cost of fuel prices in the country.
In South Africa, fuel prices are reviewed monthly.
Consequently, the Minister for Mineral Resources and Energy, Gwede Mantashe, last week, issued a statement announcing the adjustment of fuel prices based on current local and international factors with effect from the 3rd of January 2024.
The price of petrol (93 ULP and LRP) dropped by 62 cents per litre, while petrol (95 ULP and LRP) dropped by 76 cents per litre.
The price of diesel (0.05% sulphur) was cut by 118.32 cents per litre and that of diesel (0,005% sulphur) was reduced by 126.32 cents per litre.
The wholesale price of illuminating paraffin was cut by 93 cents per litre.
Source:https://energynewsafrica.com
