Energy department
Energy Department announces 12c petrol price decrease from Wednesday
The price of diesel is however expected to increase by 92 cents a litre.
Petrol stations will charge motorists R1.46 cents a liter more for petrol while diesel will go up by between R1.44 and R1.48 a litre.
On Monday, the Mineral Resources and Energy Department announced that both grades of petrol will cost 53 cents more from Wednesday.
Diesel goes up by R1.48 while illuminating paraffin will be up by R1.45.
The Energy Department announced this week that the cost of diesel will jump by 22.8 cents per litre as of midnight on Tuesday.
Consumers will face a mixed bag at filling stations as of Wednesday, with those driving petrol vehicles set to score, while it will cost more to fill up diesel vehicles.
The department said the eight preferred bidders would inject a total private sector investment amount of R45 billion into the South African economy.
The Energy Department has announced further hikes in the prices of petrol, diesel, paraffin and LPG.
The Energy Department stated that this was as a result of increases in the average international product prices for petrol, diesel and illuminating paraffin.
The Energy Department has announced that the petrol price will increase between 40 and 43 cents a litre.
From midnight on Tuesday, the price of petrol is going up one cent while a litre of diesel will cost 21 cents less.
The department is citing the rand's depreciation against the US dollar as a reason for the adjustment.
South Africa has issued a request for proposals to procure 2,000 megawatts of emergency power.
The Energy Department has released the adjusted fuel price increases for July, which will also see the cost of diesel and illuminating paraffin rise substantially.
The Integrated Resource Plan that was released last year (IRP2019) included nuclear as part of the energy mix the country would need, saying that it would be procured at a scale and pace the country could afford.
The AA predicted an 86 cent drop in the price of petrol and 68 cents for diesel. The AA also predicted a 58 cent drop in the price of illuminating paraffin.
According to a report, the deal had raised eyebrows in government circles and could land Energy Minister Jeff Radebe in trouble.
This is the second consecutive fuel price increase since the start of the year.
Patrice Motsepe held a briefing on Monday, to deny allegations that the decision to unbundle Eskom, which was announced by his brother-in-law, President Rampahosa, will benefit his company.