Images: Stock/Canva Images: Stock/CanvaHowever, those who held off on filling up their vehicles until today would’ve received a nasty surprise at petrol stations to find the ‘old’ prices still in effect., Reggie Sibiya, CEO of the Fuel Retailers Association, said: “The department did confirm that the information is correct, except that is has not yet been signed by the minister … and that press release had the effective date of the 3rd for the price decrease.
Not helping matters was the fact that President Cyril Ramaphosa only confirmed his new cabinet on Sunday, 30 June and those cabinet members were only sworn in on Tuesday, 2 July. The Department of Mineral Resources and Energy, which determines the price changes, has been split up into the Department of Electricity and Energy , and the Department of Petroleum and Mineral Resources .
In some good news, the Central Energy Fund has now confirmed that the changes to the fuel prices have now been approved and signed off.1. The international price of petroleum products, driven mainly by oil prices