The South African Petroleum Retailers Association (SAPRA), a member of the Retail Motor Industry Organisation (RMI), announced a slight increase in fuel prices today, following five months of consecutive decreases.
The Department of Mineral Resources and Energy confirmed the adjustments are effective from midnight on Tuesday 5 November impacting motorists this Wednesday, 6 November 2024
Henry van der Merwe, Chairman of SAPRA, said, "After an extended period of relief, this slight increase reflects current shifts in the global and local fuel markets. While we always advocate for stability, these fluctuations are an inherent part of the broader energy landscape, and we remain committed to supporting consumers and businesses through this period."
Fuel Price Adjustments for November 2024:
- Petrol 93 ULP & LRP: 25 cents per litre increase
- Petrol 95 ULP & LRP: 25 cents per litre increase
- Diesel 0,05% Sulphur: 21 cents per litre increase
- Diesel 0,005% Sulphur: 20 cents per litre increase
Illuminating Paraffin:
- 21 cents per litre increase (wholesale)
- 28 cents per litre increase in Single Maximum National Retail Price (SMNRP)
- LPG: 36 cents per kilogram increase
Van der Merwe further said, "Increased fuel prices can put strain on both businesses and consumers, especially at a time when households and industries alike are navigating financial challenges. Fuel cost changes affect everything from production and transportation expenses to consumer purchasing power, making it crucial to remain resilient as we adapt to market dynamics.”
“While increases are never ideal, SAPRA is committed to continued transparency and advocacy on behalf of our retailers and the consumers they serve,” Van der Merwe said.
BUSINESS REPORT