The average international product prices for Petrol, Diesel and Illuminating Paraffin decreased during the period under review.
The Rand depreciated against the US Dollar during the period under review, on average, compared to the previous period. The average Rand/US Dollar exchange rate for 01 July to 28 July 2022 was 16.8719 compared to 15.7624 during the previous period. This led to a higher contribution to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 95.66 c/l, 103.68 c/l and 105.12 c/l, respectively.
August 3, 2022
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