The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, announces the adjustment of fuel prices based on current local and international factors with effect from the 7th of September 2022.
South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.
The main reasons for the fuel price adjustments are due to:
The average Brent Crude oil price decreased from 105.00 US Dollars (USD) per barrel to 94.00 USD per barrel during the period under review. The main contributing factors are:
Based on current local and international factors, the fuel prices for September 2022 will be adjusted as follows:
The fuel prices schedule for the different zones will be published on Tuesday, the 6th of September 2022.
Enquiries: mediadesk@dmre.gov.za
Mr Natie Shabangu – natie.shabangu@dmre.gov.za / 073 852 1922
Mr Johannes Mokobane - johannes.mokobane@dmre.gov.za / 082 766 3674
Mr Ernest Mulibana – ernest.mulibana@dmre.gov.za / 082 263 7372