Latest news with #DepartmentofMineralResourcesandEnergy
The Citizen
05-08-2025
- Automotive
- The Citizen
Fuel price changing at midnight! Petrol is down but diesel spikes
Fuel price changing at midnight! Petrol is down but diesel spikes South African motorists are in for a mixed adjustment at the pumps this month, as the Department of Mineral Resources and Energy (DMRE) announces a decrease in petrol prices and LPG but a sharp increase in diesel and illuminating paraffin costs, effective from midnight today (August 5). Commenting on the development, Lebo Ramolahloane, National Vice Chairperson of the South African Petroleum Retailers Association (SAPRA), a proud association of the Retail Motor Industry Organisation (RMI), said the August adjustment brings temporary relief for private motorists but poses serious challenges for transport operators and other diesel-reliant sectors. ALSO READ: Diesel goes down, petrol goes up Fuel price adjustments (effective August 6): Petrol – retail price · 93 ULP & LRP: 28.00 c/litre decrease · 95 ULP & LRP: 28.00 c/litre decrease Diesel – wholesale price · 0.05% Sulphur: 65.00 c/litre increase · 0.005% Sulphur: 63.00 c/litre increase Illuminating paraffin · Wholesale: 32.00 c/litre increase · SMNRP: 43.00 c/litre increase LPG · Maximum retail price: 69.00 c/kg decrease Ramolahloane explains that the mixed movements are the result of lower international petrol prices and some currency strength, countered by tighter diesel supply and shifts in international refining margins. 'Diesel's steep increase is concerning, especially for the freight and agricultural sectors which are already under pressure. 'For petroleum retailers, these pricing dynamics continue to erode already thin margins and place pressure on operational sustainability,' he says. While the petrol decrease is welcome, Ramolahloane cautions that the unpredictability of global oil markets and exchange rate fluctuations continues to impact South Africa's fuel pricing month to month. 'We encourage motorists and businesses to stay informed and plan proactively as we navigate this volatile landscape,' he concludes. ALSO READ: Diesel users to pay more while petrol users will pay slightly less from midnight
IOL News
05-08-2025
- Business
- IOL News
Fuel price adjustments: Relief for petrol users, but diesel prices rise
South African motorists will experience a mixed bag of fuel price changes as petrol prices decrease while diesel costs rise. Image: Tumi Pakkies / Independent Newspapers While there will be some relief at the pumps for motorists using petrol-powered vehicles, diesel users will have to fork out more for the fuel. According to a statement from the Central Energy Fund, which acts on behalf of the Department of Mineral Resources and Energy (DMRE) in South Africa, the following price adjustments takes place from August 6: Both Grades of Petrol 93 & 95(ULP & LRP) 28,00 cents per litre decrease in retail price Diesel 0.05% Sulphur (65,00) cents per litre increase in wholesale price Diesel 0.005% Sulphur (63,00) cents per litre increase in wholesale price Illuminating Paraffin (Wholesale) (32,00) cents per litre increase in wholesale price Illuminating Paraffin (SMNRP) (43,00) cents per litre increase in the Single Maximum National Retail price (SMNRP) Maximum Retail Price for LPGAS 69,00 cents per kilogram decrease in the maximum retail price The statement said the fuel price adjustments were due to the decrease in the average international product prices for petrol whilst the prices for diesel and illuminating paraffin increased during the period under review. The CEF also said 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 ratef or the period 27 June 2025 to 31 July 2025 was 17.7653 compared to 17.8443 during the previous period. 'This led to a lower contribution to the Basic Fuel Prices on petrol,diesel and illuminating paraffin by 4.444 c/l, 5.014 c/l, 4.779c/l respectively.' Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Meanwhile IOL reports that Minister of Mineral and Petroleum Resources, Gwede Mantashe, has revealed that a new programme has been set up to tackle petrol stations that are selling adulterated fuel across the country. The country has been struggling with widespread fuel adulteration and illegal smuggling for several years, costing the country around R 3.6 billion annually. According to the South African Revenue Service (SARS), criminals are mixing diesel with cheaper substances like paraffin and under-declaring fuel imports to evade taxes. In response, government agencies, including SARS and the police, have stepped up joint operations in recent years, shutting down illegal depots and seizing millions of litres of contaminated diesel. However, the problem still persists. In a recent parliamentary reply, Mantashe revealed that the Department has established a fuel sampling and testing programme. The minister added that the department also conducts both random and scheduled fuel sampling and testing to verify compliance. THE MERCURY
The Citizen
05-08-2025
- Automotive
- The Citizen
New fuel prices to come into effect
New fuel prices to come into effect Motorists across South Africa will see mixed emotions at the pumps this August, as the Department of Mineral Resources and Energy (DMRE) confirmed the latest fuel price adjustments taking effect on Wednesday, 7 August 2025 at midnight. Here's what's changing: Petrol 93 : ↓ 33 cents/litre : ↓ Petrol 95 : ↓ 29 cents/litre : ↓ Diesel 0.05% : ↑ 66 cents/litre : ↑ Diesel 0.005% : ↑ 63 cents/litre : ↑ Illuminating paraffin: ↑ 47 cents/litre This means inland motorists will now pay around R21.58/litre for 95 unleaded petrol, while coastal regions will see it at R20.79/litre. The petrol price drop is largely attributed to lower international oil prices and a stronger rand during the review period. However, diesel users aren't as lucky, with rising demand in Europe and ongoing global supply pressures pushing prices up significantly.
The Citizen
05-08-2025
- Automotive
- The Citizen
Petrol goes down, but diesel goes up from this week
Several factors, including the international petroleum product prices and the rand/US dollar exchange rate, contributed to the petrol prices. South African motorists using petrol-powered cars can breathe a sigh of relief with a decrease in petrol prices. However, diesel-powered cars will cost more to fill up due to an increase in both grades. The fuel prices are expected to take effect from midnight on Tuesday, 5 August. Petrol and diesel prices The Department of Mineral Resources and Energy (DMRE) announced that both grades of petrol will decrease by 28 cents per litre. The price of diesel with 0.05% sulphur increases by 65 cents per litre, and 0.005% sulphur goes up by 63 cents per litre. ALSO READ: Don't laugh: F1 is coming to South Africa, McKenzie reiterates [VIDEO] Meanwhile, illuminating paraffin will cost 32 cents more per litre, while the price of LP gas decreases by 69 cents per kg country-wide, except in the Western Cape, where it'll decrease by 78 cents per kilogram Reasons for the increase DMRE spokesperson Robert Maake stated that several factors, including international petroleum product prices and the rand-US dollar (USD) exchange rate, contributed to the decrease in petrol and diesel prices.
IOL News
04-08-2025
- Business
- IOL News
August fuel price: here's what you're likely to pay for petrol and diesel from Wednesday
Petrol is coming down, but diesel is going up in August. Those with petrol-powered vehicles can look forward to some relief at the pumps from Wednesday, August 6, but diesel is looking set to increase by a significant margin. Month-end data from the Central Energy Fund (CEF) is pointing to petrol price decreases of 29 cents for 95 Unleaded and 33 cents for 93 Unleaded, while diesel prices are expected to rise by between 63 cents (50ppm) and 66 cents (500ppm). This follows July's petrol and diesel price increases of up to 55 cents and 84 cents, respectively. In the case of petrol, 95 Unleaded should recede to around R20.79 at the coast and R21.58 in Gauteng, where the slightly less expensive 93 ULP is expected to retail for R21.46. The wholesale price of 50ppm diesel is predicted to reach R19.28 at the coast and R20.04 inland. These predictions are, however, based on unaudited data from the CEF. The final and official fuel price adjustments will be announced by the Department of Mineral Resources and Energy early this week. What's driving fuel prices this month? International product price movements are the driving force behind the August price adjustments, while a slightly stronger South African rand provided relief to the tune of around five cents. It's not unusual for diesel prices to rise during the winter and summer months, due to international demand patterns. In the northern hemisphere's summer, for instance, increased travel and economic activity can drive up prices. However, the main reason for the mid-2025 surge in diesel prices is due to the European Union's restrictions on Russian fuel, Total Energy CEO Patrick Pouyanne told Bloomberg. 'We think that stronger diesel prices will become a persistent feature on the global market,' he said. 'The sources of diesel are now coming from the Middle East or from US refineries further away, so it has increased the cost,' Pouyanne said. Following the August price adjustment, 50ppm diesel will be around 60 cents more expensive than it was at the beginning of this year. 95 Unleaded petrol, on the other hand, will be priced almost identically to its January 2025 level of R20.80. Both petrol and diesel have seen two increases and four decreases this year. IOL Motoring ALSO READ: How South Africa's fuel taxes affect daily life
