Grocott's Mail
    Facebook Twitter Instagram
    Sunday, June 15
    Facebook Twitter Instagram
    Grocott's Mail
    • NEWS
      • Courts & Crime
      • Features
      • Politics
      • People
      • Health & Well-being
    • SPORT
      • News
      • Results
      • Sports Diary
      • Club Contacts
      • Columns
      • Sport Galleries
      • Sport Videos
    • OPINION
      • Election Connection
      • Makana Voices
      • Deur ‘n Gekleurde Bril
      • Newtown… Old Eyes
      • Incisive View
      • Your Say
    • ARTSLIFE
      • Cue
        • Cue Archives
      • Makana Sharp!
      • Visual Art
      • Literature
      • Food
      • Festivals
      • Community Arts
      • Going Places
    • OUR TOWN
      • What’s on
      • Spiritual
      • Emergency & Well-being
      • Covid-19
      • Safety
      • Civic
      • Municipality
      • Weather
      • Properties
        • Grahamstown Properties
      • Your Town, Our Town
    • OUTSIDE
      • Enviro News
      • Gardening
      • Farming
      • Science
      • Conservation
      • Motoring
      • Pets/Animals
    • ECONOMIX
      • Business News
      • Entrepreneurship
      • Personal Finance
    • EDUCATION
      • Education NEWS
      • Education OUR TOWN
      • Education INFO
    • EDITORIAL
    Grocott's Mail
    You are at:Home»NEWS»Stronger Rand brings fuel prices down
    NEWS

    Stronger Rand brings fuel prices down

    Staff ReporterBy Staff ReporterDecember 29, 2017Updated:December 29, 2017No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Thanks to a boost in the Rand-Dollar exchange rate, the price of petrol will drop by around 30c a litre and diesel around 25c a litre in January 2018.

    In a media statement issued yesterday, the Department of Energy said the main reasons for the fuel price adjustments were:

    The contribution of the Rand/US Dollar exchange rate.

    The Rand appreciated against the US Dollar from R14.10 to R13.27, on average, during the period under review when compared to the previous one. This led to a lower contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 42.03c/l, 42.75c/l and 42.90c/l respectively.

    The increase in the prices crude oil.

    The average Brent Crude oil price increased from 62.50 USD to 63.77 USD per barrel during the period under review. Brent crude closed at its highest in more than two years due to the shrinking US stockpile, while a key North Sea oil pipeline remains shut. The repair of the pipeline is now complete and pressure testing is well under way. This led to higher prices of petroleum products in the markets.

    Based on current local and international factors, the fuel prices for December 2017 will be adjusted as follows:

    •    Petrol (93 Octane, ULP and LRP): 29.00 c/l decrease;
    •   Petrol (95 Octane, ULP and LRP): 34.00 c/l decrease;
    •    Diesel (0.05% sulphur): 22.00 c/l decrease;
    •    Diesel (0.005% sulphur): 26.00 c/l decrease;
    •      Illuminating Paraffin (wholesale): 29.00 c/l decrease;
    •    SMNRP for IP: 39.00 c/l decrease;
    •    Maximum LP Gas Retail Price: 71.00 c/kg decrease.

    The fuel prices schedule for the different zones will be published on Tuesday 2 January 2018.

    Previous ArticleHonouring Una Levey
    Next Article New Year road closures and diversions on the coast
    Staff Reporter
    • Website

    Comments are closed.

    Code of Ethics and Conduct
    GROCOTT’S SUBSCRIPTION
    RMR
    Listen to RMR


    Humans of Makhanda

    Humans of Makhanda

    Weather    |     About     |     Advertise     |     Subscribe     |     Contact     |     Support Grocott’s Mail

    © 2025 Maintained by School of Journalism & Media Studies.

    Type above and press Enter to search. Press Esc to cancel.