Page 7 - Robert Maake News Today

The Department of Mineral Resources and Energy (DMRE) says the exchange rate between the US dollar and the Rand proves to be the stumbling block when it comes to the fuel prices for August.

Sasol, which is South Africa’s largest fuel producer, has declared force majeure due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies.

The trade union federation was reacting to the shock increase of more than R2.00 a litre for grades of petrol and diesel.

Petrol went up by between R2.33 and R2.43 at midnight, while diesel increased by between R1.07 and R1.10 a litre.

The Energy Department says the price of petrol will go up by more than R2 a litre in June despite a decision to extend the fuel levy relief for a further two months.

The Energy Departments Robert Maake said that the significant increases in the prices of diesel and illuminating paraffin would have a substantial impact on the cost of living in South Africa.

With some fuel prices increasing at midnight on Tuesday night, there are concerns that the significant rise in diesel prices will once again affect inflation.

The price of diesel is however expected to increase by 92 cents a litre.

The price of diesel is however expected to increase by 92 cents a litre.

The Department of Minerals and Energy says you have the Russia-Ukraine conflict to blame for this.