{"id":45833,"date":"2022-08-01T00:00:00","date_gmt":"2022-08-01T00:00:00","guid":{"rendered":"http:\/\/southafricahorizon.com\/?guid=a2ff29f69d708c5e613f6a09aad355fc"},"modified":"2022-08-01T00:00:00","modified_gmt":"2022-08-01T00:00:00","slug":"relief-at-the-pumps","status":"publish","type":"post","link":"https:\/\/southafricahorizon.com\/relief-at-the-pumps\/","title":{"rendered":"Relief at the pumps"},"content":{"rendered":"<p>Consumers are in for some relief this month as the Department of Minerals and Energy has announced a decrease in all grades of fuel starting from Wednesday.<\/p>\n<p>The department also announced a reduction in the price of illuminating paraffin and an increase in the price of gas.<\/p>\n<p>The price adjustments are as follows:<\/p>\n<p>\u2022\tBoth grades of petrol will decrease by R1.32.<\/p>\n<p>\u2022\tDiesel 0.05% Sulphur will cost 88c less while the price of diesel 0.005% Sulphur will decrease by 91c.<\/p>\n<p>\u2022\tWholesale illuminating paraffin will cost R1.44 less with the retail price going down by at least R1.92.<\/p>\n<p>\u2022\tThe maximum retail price for gas will increase by 57c.<\/p>\n<p>The department said one of the main factors for the reduction is the decrease in the price of Brent crude oil.<\/p>\n<p>\u201cThe main contributing factors are: Less demand for crude oil due to recession concerns and a resurgence of COVID-19 in China. The decision by OPEC  (Organization of the Petroleum Exporting Countries) and Non-OPEC members to increase oil production.  In the absence of supply constraints, crude oil prices might have decreased further.<\/p>\n<p>\u201cThe average international product prices of petrol, diesel, Illuminating Paraffin and LPG have decreased during the period under review. LPG prices have increased due higher freight rate during the period under review,\u201d the department said.<\/p>\n<p>The temporary reduction in government\u2019s fuel levy will fall away this month.<\/p>\n<\/p>\n<\/p>\n<p>Source: South African Government News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumers are in for some relief this month as the Department of Minerals and Energy has announced a decrease in all grades of fuel starting from Wednesday.The department also announced a reduction in the price of illuminating paraffin and an increase &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Relief at the pumps - South Africa Horizon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricahorizon.com\/relief-at-the-pumps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Relief at the pumps - 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