The Department of Energy has published the official petrol and diesel price changes for January.
It’s good news for petrol and diesel in the new year, with prices coming down by R2.06 and R2.80 per litre, respectively.
The fuel price changes will come into effect on 4 January 2023.
Prices will be adjusted as follows:
|Petrol 93||decrease of 206 cents per litre|
|Petrol 95||decrease of 206 cents per litre|
|Diesel 0.05%||decrease of 269 cents per litre|
|Diesel 0.005%||decrease of 281 cents per litre|
|Illuminating Paraffin (wholesale)||decrease of 193 cents per litre|
|LPGAS||increase of 82 cents per kilogram|
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 02 December to 28 December 2022 was 17.2815 compared to 17.5338 during the previous period.
This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 15.27 c/l,18.81 c/l and 19.20 c/l, respectively.
The combined cumulative petrol and diesel Slate balances at the end of November 2022 amounted to a negative balance of R 7.046 billion. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 61.38 c/l (decrease of 21.90 c/l) has been implemented into the price structures of petrol and diesel with effect from 04 January 2023.
This is how the expected price changes will reflect at the pumps:
|Inland||December Official||January Official|
|0.05% diesel (wholesale)||R23.92||R21.23|
|0.005% diesel (wholesale)||R24.23||R21.42|