Estimated reading time: 1 minute
The Department of Mineral Resources and Energy (DMRE) has announced the readjustment for the price of both 93 and 95 UL Petrol and LR Petrol grades. “The DMRE regrets to announce that the adjustment of the petrol price announced on Monday, 29 November was erroneous.”
On Monday, 29 November 2021, the department incorrectly stated that the price of petrol (93 and 95) would increase by 81c per litre instead of 75c per litre. Therefore, a litre of 95 ULP will now cost R20.29 instead of R20.35, as previously stated.
“The 6 cents difference is due to the fact that the adjustment of wages for service station workers had already been implemented in September 2021. Although it is for the very first time that such an error has occurred in the history of basic fuel price determination in South Africa, the DMRE profusely apologises for the inconvenience caused.” Nevertheless, the department stated that the rest of the fuel prices are correct.
What are your thoughts on the matter? Share your views in the comment section below.
RELATED NEWS
