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The Department of Energy has released official fuel price adjustments for September 2020, which show a marginal increase for gasoline drivers and a sizeable drop for diesel.
According to the department, on Wednesday (September 2) the following adjustments will be made:
- Gasoline 93: 1 cent per liter increase
- Petrol 95: 1 cent per liter increase
- Diesel 0.05%: decrease of 21 cents per liter
- Diesel 0.005%: decrease of 21 cents per liter
- Illuminating paraffin: decrease of 26 cents per liter
Average international prices for gasoline, diesel and lighting wax products declined during the period under review, the department said, while the rand ended the month weaker against the dollar.
The rand depreciated against the US dollar during the review period, on average, compared to the previous period. The average rand / US dollar exchange rate for the period July 31, 2020 to August 27, 2020 was R17.28 compared to R16.82 during the previous period.
This led to a higher contribution to Basic Fuel Prices of gasoline, diesel and light paraffin at 14.99 c / l, 15.12 c / l and 13.42 c / l respectively, he said.
The price of gasoline would have decreased in September, but the Minister of Mineral Resources and Energy has approved an increase in the retail margin of 5.3 c / l in the retail price structures of all octane grades of gasoline with effect at as of September 2, 2020..
This increase is necessary to accommodate salary increases for dispenser assistants, cashiers and clerical staff at gas stations, he said.
The following table describes how price changes will be affected at the pumps:
| Fuel (inside) | Official August | September Official |
|---|---|---|
| 95 Gasoline | R15.15 | R15.16 |
| 93 Gasoline | R14.88 | R14.89 |
| 0.05% Diesel (wholesale) | 13.48 R | R13.27 |
| 0.005% Diesel (Wholesale) | R13.52 | R13.31 |
| Illuminating paraffin | R7.42 | R7.16 |
Read: Here’s What You Can Expect To Pay For Gas Next Week
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