Question NW1004 to the Minister of Mineral Resources and Energy
12 April 2023 - NW1004
Madokwe, Ms P to ask the Minister of Mineral Resources and Energy
With reference to fuel prices that are still soaring despite the sale of the strategic fuel stock that was sold to curb the fuel hike in the 2021-22 financial year, (a) how effective has he found the sale of fuel to have been and (b) what would the estimated price of fuel per litre have been without the intervention?
Reply:
The interim relief that was implemented by the Government through the sale of strategic stocks cushioned the pump prices by R1,50 per litre during the months of April and May 2022. The South African consumers could have paid R1,50 per litre more for petrol and diesel during the same period if the relief was not there.