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Dpt. of Energy: Fuel prices effective from 5 August 2015

Dpt. of Energy: Fuel prices effective from 5 August 2015
Photo by Bloomberg

31st July 2015

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/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The Department of Energy herewith informs the public about the fuel prices for August 2015. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

All petroleum products prices will decrease with effect from the 5 August 2015. The decrease in the prices of all the petroleum products is due mainly to the drop in the crude oil prices during the period under review. The price of Brent crude dropped to below $55 a barrel for the first time in three months amid a global supply glut (oversupply).

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Furthermore, the international prices for all petroleum products decreased on average during the period under review, following the crude prices. The weakening Rand reduced the over recovery on the Basic Fuel Price slightly. The Rand fell considerably during the period under review, as commodity prices continued to tumble amid fresh concerns over China’s economic slowdown.

Based  on  current  local  and  international  factors,  the  fuel  prices  for August 2015 in the South African market will be adjusted as follows:

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1. Diesel (0.05% Sulphur) will decrease by 75.82 cents/ litre.
2. Diesel (0.005% Sulphur) will decrease by 73.82 cents/ litre
3. Illuminating paraffin (SMNRP) will decrease by 93.0 cents/litre.
4. Illuminating paraffin (wholesale) will decrease by 70.0 cents/litre.
5. Petrol (Both 93 and 95) will decrease by 51.0 cents/litre.
6. Liquefied Petroleum Gas (LPG) will decrease by 89.0 cents/kilogram.

The  pricing  schedule  for  all  the  pricing  zones  will  be  published  on Tuesday, 4 August 2015.

The Department of Energy would like to urge all motorists to continue implementing fuel efficiency measures, such as using public transport and utilising lift clubs whenever possible to ensure that they save fuel. The huge decrease in the price of paraffin is a welcome relief to poor households.


Issued by Department of Energy

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