NATIONAL NEWS - Fuel stations are being warned against increasing prices before the official adjustments.
They are also being warned against the adulteration of fuel products, particularly the blending of diesel with illuminating paraffin, reports Zululand Observer.
Speaking at the Fuels Industry Association of South Africa imbizo last week, Minister of Mineral and Petroleum Resources Gwede Mantashe said stern action will be taken against those involved.
“This criminal activity undermines the rule of law, distorts markets, damages equipment, compromises consumer confidence, and poses significant risks to our economy and national security.
“Government continues to work closely with law enforcement agencies to combat this illicit trade. However, we cannot succeed alone. Industry co-operation remains essential in identifying offenders and strengthening compliance throughout the value chain,” said Mantashe.
The warning comes amid the ongoing conflict in the Middle East, which continues to affect fuel prices, supply chains and economic activity globally.
“The disruption of global energy supply chains has contributed to increased volatility in international fuel markets and placed pressure on fuel-importing countries, including our own.
“Yet, despite these challenges, South Africa has maintained fuel supply stability,” assured the minister, adding that there is sufficient fuel supply to meet domestic demand.
Motorists have, however, been forced to dig deeper into their pockets amid rising fuel prices.
Earlier this month, petrol increased by R1.43 per litre, while diesel went down by R3.24 per litre. The price of illuminating paraffin dropped by R5.96 per litre.
Relief at the pumps in July?
Pretoria Rekord reports that after months of fluctuating fuel costs, motorists may have reason to smile in July as early fuel price data suggests that both petrol and diesel could be in line for decreases next month.
However, the return of the government’s temporary fuel levy relief means the cuts may not be as large as current over-recoveries indicate.
Officials are expected to confirm the final adjustments at the end of June.
Here are the recoveries at mid-month:
- Petrol 93: Decrease of R2.60 per litre
- Petrol 95: Decrease of R2.57 per litre
- Diesel 0.05% (wholesale): Decrease of R4.28 per litre
- Diesel 0.005% (wholesale): Decrease of R4.59 per litre
- Illuminating paraffin: Decrease of R4.57 per litre
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