The latest fuel price adjustments coming into effect on Wednesday, 7 July shows an increase in price for all fuel types.
This is according to the official fuel price adjustments released by the Department of Energy, which was reported on by BusinessTech.
The official fuel price adjustments for July 2021 are as follows:
- Petrol 95 – increase of 26 cents per litre
- Petrol 93 – increase of 29 cents per litre
- Diesel 0.05% – increase of 42 cents per litre
- Diesel 0.005% – increase of 41 cents per litre
- Illuminating Paraffin – increase of 36 cents per litre
The movement in fuel prices is mainly affected by two factors – the international oil price, and the rand/US dollar exchange rate.
Compared to the previous period, the price for all fuel types increased during the period under review – while the rand appreciated against the dollar at the same time.
In terms of the rules to administer the basic fuel price, the differentials between 95 and 93 petrol grades were also adjusted at the start of the new quarter, leading to the different price adjustments between the two fuel grades.
Below are the inland fuel prices that will take effect on 7 July 2021.
- Petrol 95 – R17.39
- Petrol 93 – R17.20
- Diesel 0.05% (wholesale) – R15.09
- Diesel 0.005% (wholesale) – R15.12
- Illuminating Paraffin – R9.13