The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will kick in on Wednesday, 2 October 2024. Following a strong start to recoveries at the beginning of September, a stable global oil price and a stronger rand versus the dollar have to a sizeable cut for petrol and diesel.
This has translated to a fifth consecutive cut at the pumps, with prices coming down by between R1.06 and R1.14 per litre for petrol and between R1.12 and R1.14 per litre for diesel.
The table below outlines the changes:
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 30 August 2024 to 26 September 2024 was 17.6723 compared to 18.0578 during the previous period.
This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 21.91 c/l, 22.33 c/l, 22.44c/l respectively.
In terms of the Working Rules to administer the BFP, the differentials between 95 and 93 petrol grades are adjusted at the beginning of each quarter.
The BFP differentials between 95 and 93 petrol grades have changed and therefore the different price adjustments between the two grades.
In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the Slate Levy on petrol and diesel will remain at 0.00 c/l with effect from 02 October 2024
This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):
Petrol 93 decrease of106 cents per litre
Petrol 95 decrease of 114 cents per litre
Diesel 0.05% (wholesale) decrease of 114 cents per litre
Diesel 0.005% (wholesale) decrease of 112 cents per litre
Illuminating Paraffin decrease of 111 cents per litre
LPGAS increase of 23 cents per kg
Meanwhile, in other news, residents in the Babelegi region in the north of Pretoria will be the first group to benefit from the Rooiwal and Klipdrift Waste Water Treatment Works projects aimed at resolving the water supply challenges in Hammanskraal.
According to MMC for Utilities and Regional Operations and Coordination, Themba Fosi, those in the region will be the first to benefit from the initiative, with the completion of Module 1 by the end of next month, which will supply 12.5ml per day to Babelegi Reservoir.
Source: businesstech
In other news – Emtee invests in security
Rapper Emtee has made a significant decision to invest in his personal security, ensuring his safety amidst rising concerns in the entertainment industry. Known for his bold personality and strong presence in the South African music scene, Emtee recognizes the importance of being proactive in safeguarding himself and his assets.
This move comes after various public figures have expressed concerns about safety and security, given the increased risks associated with their high-profile lifestyles. Read more
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