Diesel price drops, petrol price up ahead of festive season

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."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here is the official petrol price for DecemberThe Department of Energy has published the official petrol and diesel price changes for December.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Israel's NewMed signs Morocco gas exploration dealIsrael's NewMed Energy said on Tuesday it signed a deal with Morocco's energy and mining ministry and Adarco Energy for offshore natural gas exploration and production in Morocco.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Africa Faces Hurdles to Energy TransitionAfrica boasts massive energy production potential, yet millions of people are without electricity. At a recent roundtable in Dakar, energy experts said that technology transfer is crucial to achieving energy transition.
Source: allafrica - 🏆 1. / 99 Read more »

Energy crisis fuels renewables boom - IEAThe energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet ambitious targets against global warming, the International Energy Agency said Tuesday.
Source: eNCA - 🏆 49. / 51 Read more »

Standard Bank at the forefront of financing SA’s energy transitionThe bank’s partnership with EDF Renewables brought to financial close the first REIPPP Bid Window 5 deals – a significant step in SA’s just energy transition
Source: BusinessTechSA - 🏆 24. / 61 Read more »