The Department of Mineral Resources and Energy attributed the fuel price decreases to lower crude oil prices and the rand appreciating against the US dollar.
Of the 11 power projects selected to deliver nearly 2GW of new capacity by mid 2023 during a fast-tracked 2020 emergency auction, eight, representing more than 90% of the anticipated capacity, have yet to even secure investment.
South Africans can expect huge relief at the pumps in November when the mineral resources and energy department announces fuel adjustments for November.