The Department of Energy herewith informs the public about the fuel prices for June 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
$10.55 to $10.40 during the period under review. It contributed to the fuel price decreases to be effected on 4 June 2014.
Locally, the price changes have been influenced by the reduction of the slate levy by 6.58 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 June 2014 in the Gauteng Zone will be adjusted as follows:
1. Diesel will decrease by 25.58 cents/ litre
2. Illuminating paraffin will decrease by 13.0 cents/litre
3. Petrol will decrease by 22.0 cents/litre.
4. Liquefied Petroleum Gas (LPG) will decrease by 27.0 cents/kilogram
The pricing schedule for the other pricing zones will be published on Tuesday, 03 June 2014.
“The timing of the decrease in the price of illuminating paraffin and LPG is opportune as it will benefit households that use these products for space heating, during the winter season”, said Minister Tina Joemat-Pettersson.
Enquiries:
Zodwa Batyashe
Email: Zodwa.batyashe@energy.gov.za
Tel: 012 406 7484
Cell: 082 455 9796
Johannes Mokobane
Email: johannes.mokobane@energy.gov.za / mediadesk@energy.gov.za
Tel: 012 406 7481
Cell: 082 766 3674
