South Africa: New Fuel Prices For February 2023
South Africa’s Department of Mineral Resources and Energy has published the official fuel price adjustments for February 2023.
As projected in the last week, petrol and diesel prices will be going up in February, increasing by 28 cents and between a decrease of 1 cent and an increase of 9 cents per litre, respectively.
The changes will come into effect from Wednesday, 1 February 2023.
Petrol 93 ……………………………………….. increase of 28 cents per litre Petrol 95 ……………………………………….. increase of 28 cents per litre Diesel 0.05% …………………………………. increase of 9 cents per litre Diesel 0.005% ……………………………….. decrease of 1 cent per litre Illuminating Paraffin (wholesale) …….. increase of 58 cents per litre LPGAS ………………………………………. decrease of 140 cents per kilogram
The department said the main factors contributing to the increases include higher prices for Brent crude oil, which increased to $85.08.
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Furthermore, international prices for petroleum products and the strengthening of the rand against the US dollar also played a role.
The rand appreciated slightly, on average, against the US Dollar – from R17.28 to R17.00 per USD – during the period under review when compared to the previous one.
The negative slate balance on petrol and diesel amounted to R2.191 billion at the end of December 2022.
A slate levy decrease of 43.84 c/l (from 61.38 c/l to 17.54 c/l) will be implemented into the price structures of petrol and diesel, in line with the Self-Adjusting Slate Mechanism rules effective from the 1st of February 2023.
This is how the expected price changes will reflect at the pumps:
(Inland) …………………………. (January Official) …………….. (February Official)
93 Petrol ……………………….. R21.10 ……………………………… R21.38 95 Petrol ……………………….. R21.40 ……………………………… R21.68 0.05% diesel (wholesale) ……… R21.23 ………………………………. R21.32 0.005% diesel (wholesale)……… R21.42 ………………………………. R21.41 Illuminating Paraffin ………. R15.26 ……………………………….. R15.84 LPGAS (p/kg) ………………… R34.86 ………………………………. R33.46
(Coastal) …………………………… January Offial …………….. February Official 93 Petrol …………………………….. R20.45 …………………………. R20.73 95 Petrol …………………………….. R20.75 …………………………. R21.03 0.05% diesel (wholesale) ……………. R20.58 …………………………. R20.67 0.005% diesel (wholesale)…………… R20.78 …………………………. R20.77 Illuminating Paraffin ……………. R14.47 …………………………. R15.05 LPGAS (p/kg) ……………………… R32.45 …………………………. R31.05
