The DMRE has issued a statement updating the public on South Africa’s November fuel price adjustments, and the main reasons for these price adjustments both locally and internationally.
The Department of Mineral Resources and Energy (DMRE) issued a statement on Tuesday, 2 November 2021, on the November fuel adjustment prices and the factors that have influenced the adjustment. The Minister of Mineral Resources and Energy, Gwede Mantashe announced that the adjusted fuel prices will take effect from Wednesday, 3 November 2021.
The DMRE stated that the country’s fuel prices are usually adjusted on a monthly basis, and are informed by both international and local factors. The department listed some of the reasons for the fuel price adjustment, noting the increase in crude oil prices and international petroleum product prices. Additionally, the change in the rand to dollar exchange rate, with the rand depreciating against the dollar, and the implementation of the slate levy of an increase of 2.20 c/l, have also been considered in the price structures of petrol and diesel.
See the post below.
— Department of Mineral Resources and Energy (@DMRE_ZA) November 2, 2021