October 4, 2023
1 min read

This is the fourth consecutive month for the country’s fuel prices to increase….reports Asian Lite News

The Department of Mineral Resources and Energy has announced that petrol, diesel, and liquid petroleum gas (LPG) prices in South Africa will rise starting this Wednesday. This increase is attributed to a combination of local and international factors.

As South Africa imports crude oil and finished products at a price set at the international level, including importation and shipping costs, the country’s petrol, diesel, and illuminating paraffin will see different price increases, Xinhua news agency quoted the Department as saying.

This is the fourth consecutive month for the country’s fuel prices to increase.

The average international prices of petrol, diesel, illuminating paraffin, and LPG increased during the period under review due to factors including refinery shutdowns in the USs, according to the statement.

It noted that the South African currency rand’s depreciation against the US dollar led to higher contributions to the basic fuel prices of petrol, diesel, and illuminating paraffin.

The Department said it believes that the exploration and development of national oil and gas reserves could help moderate the impact of high prices in the long term.  

ALSO READ: India Among Top Five Investors in Africa

Previous Story

Canada Seeks Private Talks with India to Resolve Diplomatic Dispute

Next Story

US Expresses Concern Over Trudeau’s Allegations

Latest from -Top News

BRICS must break the digital chains

BRICS nations need to build consensus, balance innovation and social justice by reinforcing the digital sovereignty of Global South, including evenly distribution of benefits through AI, writes Baidya Bikash Basu BRICS, the

Modi begins landmark Argentina visit

First Indian PM to visit in 57 years; economic ties, lithium and trade top agenda Prime Minister Narendra Modi kicked off a historic visit to Argentina on Saturday by paying homage to

Texas flash floods kill at least 24; Trump vows help

President calls tragedy ‘shocking’ as search for missing continues overnight At least 24 people have died in Kerr County, Texas, after catastrophic flooding swept through the region, prompting a large-scale rescue and
Go toTop

Don't Miss

Chinese soymilk hooks Tanzanians

Soymilk, a traditional Chinese drink that’s rich in flavor and

UAE sends airlift to support Ethiopia

The UAE has always been one of the first countries