CURRENTLY ON AIR ⇒
  • Annisa Essack
    Fri, 2:05 pm - 3:00 pm

feedback@radioislam.org.za

Radio Islam Logo


((( Listen Live )))))
Radio Islam Logo


Petrol Prices to Increase from 1 July

Print Friendly, PDF & Email

 

Faizel Patel – 30/06/2020

(Twitter: @FaizelPatel143)

As South Africa enters day 96 of the national COVID-19 lockdown, the Energy Department has announced that the price of 93 grade petrol will increase by R 1.63 cents per litre from Wednesday while 95 octane increases by R 1.72

The prices of different grades of diesel increases by R 1.73 cents (for 0.05% sulphur) and R 1.69 cents (0.005% sulphur) per litre while illuminating paraffin will increase by R 2.14 cents per litre.

The price of LP gas also increases  by R 4.48 cents per kg.

The Energy Department says the main reason for the higher oil prices is that major economies around the world began to ease the coronavirus lockdown measures amid the production cut by OPEC and Russia.

“During the current fuel price review, the average Brent Crude oil price increased from 27.63 USD/barrel to 40.01 USD/barrel. On the finished products, the international prices of all refined petroleum products also increased following that of crude oil resulting in average under recoveries of over 206.23 c/I on petrol and 202.85 c/l on diesel and 245.05 c/l on Illuminating Paraffin.”

The department also says that Energy Minister Gwede Mantashe approved the utilisation of the Saudi Contract Price (CP) to calculate the import parity price of LPGas through the publication of the regulations in the government gazette.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

ADVERTISE HERE

Prime Spot!!!

Contact:
advertisingadmin@radioislam.co.za 

Related Articles

COVID-19 Deaths Jump To 2,844, Infections Rise To 168,061

COVID-19 Deaths Jump To 2,844, Infections Rise To 168,061

  Faizel Patel – 02/07/2020 (Twitter: @FaizelPatel143) The Health Department has announced that the number of COVID-19 infections in South Africa has risen to 168,061. This is an increase of 8,728 from Wednesday’s announcement. The number of deaths has also...

read more
It’s Back to School, But only for Grade R, 6 and 11

It’s Back to School, But only for Grade R, 6 and 11

  Faizel Patel – 02/07/2020 (Twitter: @FaizelPatel143) The Basic Education Department has announced that after careful consideration and  lengthy consultations with the Council of Education Ministers only Grade R, 6 and 11 will return to school on Monday. The...

read more
Makhura: ‘COVID-19 Storm has Arrived in Gauteng’

Makhura: ‘COVID-19 Storm has Arrived in Gauteng’

  Faizel Patel – 02/07/2020 (Twitter: @FaizelPatel143) Gauteng Premier David Makhura says the 'COVID-19 storm’ has arrived in the province which could necessitate the reintroduction of stricter lockdown regulations. Makhura was providing an update on the COVID-19...

read more

Subscribe to our Newsletter

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *