The Minister of Mineral Resources and Energy Gwede Mantashe on Tuesday announced the adjustment of fuel prices based on current local and international factors with effect from the 3rd of March 2021.
The department said South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.
Based on current local and international factors, the fuel prices for March 2021 will be adjusted as follows:
Petrol (both 93 ULP and LRP): sixty five cents per litre (65.00 c/l) increase.
Petrol (both 95 ULP and LRP): sixty five cents per litre (65.00 c/l) increase.
Diesel (0.05% sulphur): fifty four cents per litre (54.00 c/l) increase.
Diesel (0.005% sulphur): fifty six cents per litre (56.00 c/l) increase.