The Department of Energy herewith informs the public about the fuel prices for September 2015. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
All petroleum products prices will decrease with effect from the 02 September 2015. The decrease in the prices of all the petroleum products is due mainly to the continued drop in the crude oil prices during the period under review. The price of Brent crude dropped to about $46.93 per barrel (on average) due mainly to global supply glut (oversupply).
Furthermore, the international prices for all petroleum products decreased on average during the period under review, following the drop in crude oil prices. The weakening Rand reduced the over recovery on the Basic Fuel Price by more than 20cpl. The Rand fell to above $13.00 during the current fuel price review period, as a result of lower prices for resources that account for more than half of exports.
Based on current local and international factors, the fuel prices for August 2015 in the South African market will be adjusted as follows:
- Petrol (Both 93 and 95) will decrease by 69.00 cents/litre
- Diesel (0.05% Sulphur) will decrease by 54.00 cents/ litre.
- Diesel (0.005% Sulphur) will decrease by 51. cents/ litre
- Illuminating paraffin (SMNRP) will decrease by 55.00 cents/litre.
- Illuminating paraffin (wholesale) will decrease by 74.00 cents/litre.
- Liquefied Petroleum Gas (LPG) will decrease by 115.00 cents/kilogram.
The pricing schedule for all the pricing zones will be published on Tuesday, 01 September 2015.
The Minister of Energy, Ms Tina Joematt-Pettersson has approved an increase in the retail margin of petrol of 4.6cpl to cater for the salary increase of 9% for pump attendants and cashiers in line with the Motor Industry Bargaining Council (MIBCO) agreement of September 2013. This money must be ring-fenced for the wages of the forecourt attendants and cashiers.
Enquiries:
Lerato Ntsoko
Tel: 012 406 7799
Cell: 082 459 2788
Email: lerato.ntsoko@energy.gov.za
Johannes Mokobane
Tel: 012 406 7481
Cell: 082 766 3674
Email: johannes.mokobane@energy.gov.za
