The Department of Mineral Resources and Energy, which is being separated into the Department of Electricity and Energy and the Department of Mineral and Petroleum Resources, has announced decreases in fuel prices for August.
Petrol 93 and 95 will both decrease by 15c/ℓ, respectively, while diesel 0.05% sulphur will decrease by 28c/ℓ and diesel 0.005% by 17c/ℓ.
Wholesale illuminating paraffin will decrease by 22c/ℓ and liquefied petroleum gas by 14c/kg.
The latest downward adjustment of fuel prices follows the appreciation of the rand against the dollar between June 28 and August 1 to R18.23, compared with R18.44 in the previous review period.
This led to a lower contribution to the basic fuel prices on petrol, diesel and illuminating paraffin.
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