The Department of Mineral Resources South Africa said the prices of petrol and diesel in the country will decrease for November. According to the department, the adjustment is due to local and international factors which include the rand-to-dollar exchange rate.

Also, during the current fuel price review, the average Brent Crude oil price slightly decreased. The new Prices are as follows:

Petrol (both 93 ULP and LRP) will decrease by 27c per litre;

Petrol (both 95 ULP and LRP) will go down by 27c per litre;

Diesel (0.05% sulphur) will decrease by 12c per litre;

Diesel (0.005% sulphur) will drop by 11c per litre;

The price of illuminating paraffin (wholesale) will increase by 15c per litre;

The single maximum national retail price (SMNRP) for illumination paraffin will go up by 20c per litre, and

The maximum retail price of liquid petroleum gas (LPGas) will increase by 26c per kg.

Excerpts from the Department’s release:

“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, for example, shipping costs.”

“The rand appreciated slightly, on average, against the US dollar during the period under review when compared to the previous one.”

“There is an oversupply of crude oil globally and the renewed lockdown measures across Europe exacerbate the situation.”