MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

Fuel price decreases from Wednesday

By

The Central Energy Fund has announced decreases across the board on the prices of fuel, gas and paraffin from Wednesday, paving the way for some relief for consumers.

This marks the second consecutive month of decreases following increases experienced this year.

The price adjustments per litre are as follows:

  • A R2.04 decrease in both grades of petrol.
  • Diesel 0.05% Sulphur will cost 56c less, while the price of diesel 0.005% Sulphur will decrease by 46c.
  • Wholesale illuminating paraffin has decreased by 82c, while the retail price will cost R1.09 less.
  • The maximum retail price of LP Gas will go down by R1.65.

The fund said several international and local factors contributed to the decrease.

“The average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review.

“The Rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period 29 July to 01 September 2022 was 16.7016 compared to 16.8719 during the previous period.

“This led to a lower contribution to the basic fuel prices on petrol, diesel and illuminating paraffin by 12.97 c/l, 15.63 c/l and 15.90 c/l respectively,” the CEF said. – SAnews.gov.za

Go On – Share the Gqeberha Love!

Views Since 15 July 2022: 49

Gqeberha’s Latest News and Events can be accessed on MyGqeberha.com.

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Google+ profileMy LinkedIn profileMy Flickr profileMy Pinterest profile

Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.