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The Department of Mineral Resources and Energy announced a decrease in the price of fuel starting Wednesday.
South African motorists can expect a decrease in fuel prices starting Tuesday, following Sunday’s announcement from the Department of Mineral Resources and Energy of monthly price adjustments for October.
According to the department, 93 ULP and LRP gasoline will drop 23 c / l, while 95 ULP and LRP will drop 32 c / l.
The price adjustments are:
- Gasoline (both 93 ULP and LRP): decrease of 23.00 c / l;
- Gasoline (both 95 ULP and LRP): decrease of 32.00 c / l;
- Diesel (0.05% sulfur): decrease of 90.00 c / l;
- Diesel (0.005% sulfur): decrease of 93.00 c / l;
- Illuminating Paraffin (wholesale): decrease of 76.00 c / l;
- Maximum Single National Retail Price for Illuminating Paraffin 101.00 c / l decrease;
- Maximum Sale Price of LP Gas: 20.00 c / kg decrease;
Some of the reasons for the adjustments include the average appreciation of the rand against the US dollar from R17.28 to R16.72 per US dollar in September compared to August.
The average price of Brent crude oil decreased from $ 44.78 per barrel to $ 40.82 per barrel and a decrease in international prices for all refined petroleum products.
