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
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • 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
  • Covid-19
  • EDITORIAL
Facebook Twitter Instagram
Trending
  • In the words of Nelson Mandela, “To deny people their human rights is to challenge their very humanity”
  • Flooding at the James Kleynhans Water Treatment Works
  • Avbob 2023 Poetry Competition Second Place: Jeannie Wallace McKeown
  • Avbob 2023 Poetry Competition Winner: Sithembele Isaac Xhegwana
  • Residents of Extensions Nine, 10, Transit Camp, Phumlani and Enkanini voice discontent!
  • Makhanda Creatives Speak Out
  • Running towards a drug and alcohol-free Makhanda
  • What’s On 23 – 30 March
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
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • 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
  • Covid-19
  • EDITORIAL
Grocott's Mail
You are at:Home»NEWS»Relief for motorists as fuel price drops
NEWS

Relief for motorists as fuel price drops

Sue MaclennanBy Sue MaclennanMarch 4, 2018No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

Motorists will get some reprieve at the fuel pumps from Wednesday following an announcement by the Department of Energy of the drop in fuel prices.

As of 7 March, the petrol price will drop by 36 cents a litre and between 44 and 47 cents less for a litre of diesel.

According to the Energy Department, the drop in the fuel price is a result of the strengthening of the Rand against the US Dollar and a decrease in the prices of crude oil.

“The Rand appreciated, on average, against the US Dollar from 12.20 to 11.82 Rand per USD during the period under review.

“The average Brent Crude oil price decreased from 69.06USD to 65.05USD per barrel during the period under review. This led to lower prices of petroleum products in the international markets,” said the department.

The department said other factors that influence the price of fuel include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.

“The main contributing factor was the abundance of crude in the market, particularly with growing exports from the US Gulf coast, which kept the price low in the market. Furthermore, the forthcoming widespread refinery maintenance in the Middle East and Asia-Pacific is also muting demand for crude and limiting upward price movement,” said the department.

The fuel prices for paraffin and gas for March 2018 will be also adjusted as follows:

Illuminating Paraffin (wholesale): 22.00 c/l decrease
SMNRP for IP: 29.00 c/l decrease
Maximum LPGas Retail Price: 69.00 c/kg decrease
The fuel prices schedule for the different zones will be published on Tuesday, 6 March 2018. – SAnews.gov.za

Previous ArticleConcerns over listeriosis continue
Next Article Blasting on the N2 between Grahamstown and Fish River Pass
Sue Maclennan
  • Twitter

Local journalism

Comments are closed.

Tweets by Grocotts
Newsletter



Listen

The Rhodes University Community Engagement Division has launched Engagement in Action, a new podcast which aims to bring to life some of the many ways in which the University interacts with communities around it. Check it out below.

Humans of Makhanda

Humans of Makhanda

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

© 2023 Maintained by School of Journalism & Media Studies.

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