11 January 2022 - NW2623
Komane, Ms RN to ask the Minister of Mineral Resources and Energy
What intervention is he planning to make to ease the pressure on motorists affected by the astronomical rise in fuel prices?
The Department of Mineral Resources and Energy (DMRE) has noted the justified anxiety of fuel users and consumers in general, following the steep fuel increases effected in recent months. The recent fuel price increases that have been experienced in the country are not dissimilar to record breaking increases that have been experienced in such jurisdictions as New Zealand, Australia, Canada, the UK, Singapore and other non-oil producing countries. South Africa is a net importer of both crude oil and finished petroleum products. Crude oil which is the main feedstock for fuel used in vehicles is traded in US dollars and the higher price of oil is supported by oil producing countries. The exchange rate and the price of crude oil are the main cause of fuel price fluctuations.
The Department will amongst others intensify campaigns for efficient fuel usage in order to help motorists appreciate some of the driving habits that can help them save fuel.