South Africa: DMPR Announces Fuel Price Increases for All Types

The Department of Mineral and Petroleum Resources (DMPR) has announced increases for all fuel types from Wednesday. The adjustment to prices from Wednesday is as follows: Follow us on WhatsApp | LinkedIn for the latest headlines "The average Brent Crude oil price increased from 87.89 US Dollars (USD) to 101 USD during the period under review. The increase is due to the continued US/Iran tensions, uncertainty regarding the flow of oil through the Strait of Hormuz, higher shipping costs and decreasing inventories. "The average international product prices of petrol, diesel and illuminating paraffin increased due to supply shortages caused by lower global inventories of products. "These factors led to higher contributions to the Basic Fuel Prices (BFP) of petrol, diesel and illuminating paraffin by 329.07 cents per litre (c/l), 280.17 c/l and 357.23 c/l, respectively. The prices of Propane and Butane also increased during the period under review due to supply uncertainties," the department said. Additionally, the Rand strengthened against the USD, leading to lower contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 0.17 c/l, 0.22 c/l and 0.21 c/l. Read the original article on SAnews.gov.za . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.