en.Wedoany.com Reported - The Department of Petroleum and Mineral Resources announced that, effective from Wednesday, diesel prices will decrease by 2.61 to 3.24 rand per liter, while petrol prices will increase by 1.43 rand per liter. This adjustment is expected to provide some relief for transport operators reliant on diesel.

The Department of Petroleum and Mineral Resources stated that the price of diesel with 0.05% sulfur content will drop by 3.24 rand per liter, and diesel with 0.005% sulfur content will drop by 2.61 rand per liter. Petrol prices for both 93 and 95 grades will increase by 1.43 rand per liter. The maximum retail price of liquefied petroleum gas will decrease by 17 cents per kilogram nationwide and by 20 cents per kilogram in the Western Cape. The wholesale price of illuminating paraffin will drop by 5.96 rand per liter, and the national single maximum retail price will decrease by 7.95 rand per liter.

The department explained that during the review period, due to ongoing tensions between the United States and Iran and the closure of the Strait of Hormuz, the average price of Brent crude oil rose from $101 to $104.59 per barrel. As the Northern Hemisphere enters summer, the prices of middle distillates (diesel and paraffin) have fallen more than petrol prices due to a decline in seasonal demand. During the review period, the rand appreciated against the US dollar from 16.65 to 16.52 rand, leading to a slight decrease in the basic fuel price contribution for petrol, diesel, and illuminating paraffin. Additionally, effective from Wednesday, the general fuel levy on petrol has been reduced by approximately 1.50 rand per liter, and by 1.96 rand per liter for diesel.

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