Parliament, Tuesday, 1 October 2024 – The Chairperson of the Portfolio Committee on Mineral and Petroleum Resources, Mr Mikateko Mahlaule, has welcomed the reduction of fuel price in October, bringing much-needed relief to motorists for the fifth consecutive time.
From tomorrow, 2 October 2024, the price of petrol will go down by between R1.06 and R1.14 per litre, whereas diesel will go down by between R1.12 and R1.14 per litre.
Mr Mahlaule said that the price cuts are a testament to what the Department of Mineral Resources and Energy reiterated to the sixth Parliament committee to the effect that petrol prices are the result of various international and national elements. To this end, the Department of Mineral and Petroleum Resources cited the appreciation of the South African rand against the US dollar in September 2024 to R17 compared to R18 in August as one of the reasons for the price cut in October.
“We welcome these price cuts with open arms and hope that they continue steadily for the foreseeable future,” said Mr Mahlaule.
ISSUED BY PARLIAMENT COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE PORTFOLIO COMMITTEE ON MINERAL AND PETROLEUM RESOURCES, MR MIKATEKO MAHLAULE.
For media enquiries or interviews with the Chairperson, please contact the committee’s Media Officer:
Name: Mr Justice Molafo
Cell: 081 424 7481
Email: jmolafo@parliament.gov.za
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