Following last month’s price hike, South African motorists can expect to cough up more for petrol this month.
Mineral Resources Minister, Gwede Mantashe announced on Monday that fuel prices will increase on Wednesday (6 July 2022) , as the petrol levy cut falls from R1.50 a litre to 75c.
Petrol prices will be increased by R2.37 (93 ULP) and R2.57 (95 ULP) a litre. Diesel will increase by R2.31 (0.05% sulphur) and R2.30 (0.005% sulphur) a litre.
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.