Pretoria – The price of petrol is going up on Wednesday by R1,27 a litre, Mineral Resources and Energy MinisterGwede Mantashe has announced.
Prices of Diesel, Illuminating Paraffin, and LPGas are also going up.
Based on current local and international factors, fuel prices will be adjusted from 1 March 2023 as follows:
- Petrol (both 93 and 95 ULP & LRP): One hundred and twenty-seven cents per litre (127.00 c/l) increase.
- Diesel (0.05% sulphur): Thirty point three eight cents per litre (30.38 c/l) increase.
- Diesel (0.005% sulphur): Thirty one point three eight cents per litre (31.38 c/l) increase;
- Illuminating Paraffin (wholesale): Thirteen cents per litre (13.00 c/l) increase.
- SMNRP for IP: Seventeen cents per litre (17.00 c/l) increase.
- Maximum LPGas Retail Price: Five hundred and twenty-two cents per kilogram (522. 00 c/kg) increase.
The minister said the negative slate balance on petrol and diesel amounted to R2,7 billion at the end of January 2023.
“A slate levy increase of 4,38 c/l (from 17.54 c/l to 21,92c/l) will be implemented into the price structures of petrol and diesel, in line with the Self-Adjusting Slate Levy Mechanism rules effective from the 1st of March 2023,” said the energy minister.
