April Petrol Price Increase Could Have Been Worse

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 an increase in the price of fuel may be unanimously frowned upon, the increase set to take effect on Wednesday could have been much worse for motorists. 

 


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Mineral Resources and Energy Minister Gwede Mantashe has announced the fuel price adjustments for April 2022. 

The price of petrol 93 and 95 petrol will increase by 28c per litre and 36c per litre respectively. Purchasing diesel will also increase as the price per litre will increase by R1.52c

Here’s a full list of price increases that will take effect from 6 April 2022

  • Petrol (both 93 ULP and LRP) will increase by 28c per litre.
  • Petrol (both 95 ULP and LRP) will increase 36c more perlitre.
  • 0.05% sulphur diesel will rise by R1.52.
  • Diesel (0.005%) sulphur will increase by R1.68.
  • Illuminating paraffin (wholesale) will increase R2.66  per litre.
  • Illuminating paraffin (retail) will increase by at least R3.55 per litre.
  • Maximum retail price for gas will increase by R2.50 per kilogram.

While increases in the price of fuel will no doubt negatively impact consumers' bank balances, the increase could have been much worse.

Last week Finance Minister Enoch Godongwana announced a R1.50c reduction to the general fuel levy which motorists contribute to the price of fuel. If not for this intervention, the increase in the price of petrol would have been closer to R2 per litre. 

The Department of Mineral Resources and Energy say that the price of Brent Crude oil as well as the ongoing conflict between Russia and Ukraine contributed to the increase in prices. 

“The average Brent Crude oil price increased [and] the main contributing factors are [the] continued sanctions imposed on Russia. This is disrupting energy flows as Russia is one of the biggest global exporters of oil,” explained Mantashe. 

“OPEC and Non-OPEC members limiting fuel supply even though demand has been increasing globally due to relaxed COVID-19 restrictions [and] the Yemen rebels attacked storage facilities in Saudi Arabia, resulting in supply disruptions,” added Mantashe. 

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