In a statement, the Department of Mineral Resources and Energy said this was due to concerns about lower-than-expected economic growth in China, which will affect fuel demand. In addition, oil inventories grew faster than expected, while concerns about the US debt ceiling – which could have triggered a debt default and market chaos – also weighed on the oil price.
The latest change brings the price of a litre of 95 unleaded petrol to R22.63 in Gauteng, compared to R24.17 a year before – and a record price of R26.74 in July last year. The wholesale diesel price is now R19.31 a litre in Gauteng. As recently as in November last year, diesel cost close to R25.50. Diesel is back to levels before the invasion of Ukraine caused a big spike in oil prices.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Netflix, Disney, Amazon to challenge India's tobacco rules for streaming-sources | BusinessStreaming giants Netflix, Amazon and Disney on Friday privately discussed a possible legal challenge and other ways to stall India's new tobacco warning rules, amid fears they will need to edit millions of hours of existing web content, sources said.
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »
ESKOM LIVE | Stage 4 load shedding returns within hours of Eskom suspending power cuts | BusinessESKOM LIVE | Stage 4 load shedding returns within hours of Eskom suspending power cuts | News24_Business
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »
OPEC+ meets to discuss whether fresh oil-output cuts needed | BusinessOPEC oil ministers kicked off their meeting in Vienna on Saturday against an uncomfortable backdrop: uncertain demand, volatile oil prices and questions about whether their Russian allies are sticking to their side of the bargain. | News24_Business
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »
Atteridgeville 'lioness' turns her side hustle into thriving business | City PressBased in Sandton, Johannesburg, Alfa Destiny Communications employs 10 lively young people on a full-time basis. the business was started in earnest during the hard lockdown when Covid-19 hit our shores in 2020.
출처: City_Press - 🏆 7. / 72 더 많은 것을 읽으십시오 »
New EE targets cannot be used to fire or retrench staff, says leading law firm | BusinessLaw firm Werksmans says an employer cannot retrench or fire someone simply because they want to employ a person of a different race. | City_Press
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »