Drop in diesel price welcomed

While petrol will see an increase this month, a welcomed drop in diesel prices might provide some comfort for farmers.

Drop in diesel price welcomed
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The Department of Mineral Resources and Energy announced that as of 1 May, all grades of petrol will go up by 37c/ℓ, while wholesale diesel prices will drop by 30c for 0,05% sulphur and 36c/ℓ for 0,005% sulphur.

In Gauteng, you will now pay R25,49ℓ for petrol and on the coast R24,70/ℓ.

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However, dropping to the lowest levels since February this year, the wholesale price of diesel will be R22,15/ℓ in Gauteng and R21,36/ℓ at the coast.

Illuminating paraffin will see a reduction of 19c/ℓ while the price of LP gas will drop by 46c per kilogram.

In a statement, the department said growing geopolitical tensions in the Middle East and sustained production cuts by Opec+ countries were some of the main contributing factors to the petrol increase.

However, the diesel prices bucked the trend in international markets, decreasing as a result of seasonal changes as the Northern Hemisphere started moving away from the winter season.

Commenting on the decrease in diesel, Agbiz chief economist Wandile Sihlobo said it was good that diesel prices would see a mild adjustment.

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“Starting this month, the diesel price changes will matter most for agriculture. We will begin a busy planting season for winter crops, harvesting for citrus, and harvesting in the early planted summer crops regions.

“Still, the general year-round fuel prices matter greatly for agribusiness transporting agricultural commodities and food products. We now have a lot of products on the road. For example, roughly 81% of maize, 76% of wheat and 69% of soya beans in South Africa are transported by road.

“On average, 75% of national grains and oilseeds and a substantial share of other agricultural products are transported by road.”

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Jyothi Laldas is an accomplished journalist with 15 years of experience in the news media industry. She has established herself as a respected voice in the field, known for her keen insights and passion for storytelling. Jyothi grew up on a farm in rural KwaZulu-Natal, a background that instilled in her a deep appreciation for hard work and the importance of community. Her passion for writing and learning about people has been a driving force throughout her career, enabling her to connect with her audience and bring important stories to light. Jyothi‘s journalistic journey has been marked by her dedication to providing accurate and impactful reporting on a range of topics.