Diesel price drops, petrol price up ahead of festive season
The Department of Minerals and Energy has announced fuel prices for December.
Both grades of petrol will increase by 59c per litre, while diesel will drop by between R1.52c and R1.57c per litre.
Illuminating paraffin will decrease by 57c while the price of maximum LPG gas will go up by 95c per kilogram.
The department’s Robert Maake says oil prices slumped to their lowest level since December 2021 amid fears of lower demand from China due the lockdowns in line with the country’s strict covid-19 regulations.
"The rand appreciated, on average, against the US dollar, from 18.11 to 17.43, during the period under review when compared to the previous one. The stronger rand led to lower contributions to the basic fuel prices of petrol, diesel.
"Petrol prices increased due to higher demand by motorists travelling for the Thanksgiving season in the US amid limited supply emanating from the Russia-Ukraine conflict. Increased demand resulted in a decrease of gasoline inventories and higher prices."
The prices are effective from midnight on Tuesday.
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