The Department of Energy herewith informs the public about the fuel prices for May 2014. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
The decrease in the prices of all the petroleum products is due to changes in international factors, namely, crude oil prices, the Rand/ Dollar exchange rate and the prices of finished products. The Rand appreciated against the US Dollar from $10.76 to $10.55 during the period under review. It contributed to the fuel price decreases to be effected on 7 May 2014.
Locally, the price changes have been influenced by the reduction of the slate levy by 8.78 cents per litre, in line with the self-adjusting slate mechanism. A slate levy is the money that is collected from motorists to compensate the industry for cumulative under recovery. This arises because the fuel prices are adjusted once a month, but international factors change on daily basis.
Based on current local and international factors, the fuel prices for May 2014 in the Gauteng Zone will be adjusted as follows:
1. Diesel will decrease by 29.78 cents/ litre
2. Illuminating paraffin will decrease by 25.0 cents/litre
3. Petrol will decrease by 15.0 cents/litre.
4. Liquefied Petroleum Gas (LPG) will decrease by 4.0 cents/kilogram
The pricing schedule for the other pricing zones will be published on Tuesday, 6 May, 2014.
“The decrease in the price of illuminating paraffin and LPG will benefit households that use these products, as winter approaches”, said Minister Dikobe Ben Martins.
Enquiries:
Johannes Mokobane
Email: johannes.mokobane@energy.gov.za / mediadesk@energy.gov.za
Tel: 012 406 7481
Cell: 082 766 3674
