Latest news with #PetroleumGas
Business Recorder
05-07-2025
- Business
- Business Recorder
Weekly SPI inflation up 0.73pc
ISLAMABAD: The Sensitive Price Index-based inflation for the week ended on July 03, 2025 has registered an increase of 0.73percent owing to an increase in the prices of chicken 13.05percent, onions 11.62percent, tomatoes 11.09percent, garlic 5.40percent, diesel 3.94percent, potatoes 3.58percent, petrol 3.22percent, sugar 1.27percent, cooked daal 0.60percent, gur 0.41percent, curd 0.37percent and powdered milk 0.29percent, revealed SPI data released here on Friday by Pakistan Bureau of Statistics (PBS). While the PBS reported a decrease of 2.06 percent on YoY basis in the SPI owing to a reduction in the prices of tomatoes 61.42percent, onions 53.71percent, electricity charges for Q1 37.62percent, garlic 24.29percent, wheat flour 23.62percent, maash 20.27percent, tea Lipton 17.93percent, potatoes 16.06percent, masoor 8.43percent, rice irri-6/9 4.23percent, chillies powder 3.97percent and bread 1.72percent. The PBS on Year-on-Year (YoY) depicted an increase in the prices of ladies sandal 55.62percent, sugar 27.78percent, moong 20.59percent, powdered milk 16.01percent, beef 15.45percent, vegetable ghee 2.5kg 12.73percent, vegetable ghee 1kg 12.34percent, gur 11.44percent, firewood 10.70percent, lawn 10.51percent, cooked daal 9.25percent and cooked beef 8.57percent. On the other hand, on WoW basis, according to PBS a reduction in the prices of the following commodities was observed: Liquefied Petroleum Gas (LPG) price went down by 8.53percent, bananas 3.36percent, eggs 0.59percent, mustard oil 0.37percent, moong 0.30percent and pulse gram 0.29percent. During the week, out of 51 items, prices of 18 items which is 35.29percent of the basket witnessed an increase, while six items which is 11.77percent posted reduction and 27 items which is 52.94percent of the basket remained stable. The SPI for consumption group of Rs17,732 with an increase of 0.74percent went up from 299.39 to 301.6 points. The SPI for consumption groups of Rs17,732 to 22,888 with an increase of 0.80percent was recorded at 297.63 against previous week's calculation of 295.28, the SPI for the income group Rs22,889-29,517 with an increase of 0.72 percent was recorded at 321.87 points against previous week's recording of 319.56 points, the SPI for the income group Rs29,518-44,175 with an increase of 0.76percent was recorded at 312.40 points against previous week's reading of 310.03 and SPI for the monthly income group above Rs44,175 registered an increase of 0.70percent was recorded at 315.02 points against 312.83 points of the previous week calculation. Copyright Business Recorder, 2025
The Citizen
05-05-2025
- Automotive
- The Citizen
Fuel prices drop: What motorists need to know
Fuel prices drop: What motorists need to know The Department of Mineral and Petroleum Resources has confirmed a third consecutive decrease in fuel prices. The decrease is effective from Wednesday, 7 May, a development welcomed by the South African Petroleum Retailers Association (SAPRA). Commenting on the announcement, SAPRA national vice-chairperson Lebo Ramolahloane said the reductions offer much-needed relief during a challenging economic period. Welcoming the news, the proud association of the Retail Motor Industry Organisation (RMI) said this was a positive step for both motorists and the broader economy. ALSO READ: Five top fuel-saving tips 'The decrease in petrol, diesel and illuminating paraffin prices provides immediate relief to South African motorists and businesses. 'In a fragile economy such as ours, this is a welcome development that could ease inflationary pressures and provide a short-term boost in consumer spending power,' said Ramolahloane. With petrol set to decrease by 22 cents per litre and diesel by up to 42 cents per litre, the impact is tangible. LPG will be the only fuel to show an increase, at 46 cents per kilogram. 'For example, a motorist filling a 50 litre tank of 95 unleaded petrol will now save approximately R11 per fill. Diesel users, particularly in logistics and agriculture, stand to benefit from reductions of over R20 per tank,' he said. Ramolahloane says these lower input costs can support food security and job retention in fuel-intensive sectors such as agriculture, logistics and public transport. 'For petroleum retailers, the increased volumes at service stations from consumers responding to lower pump prices are likely to provide a boost in revenue, particularly as retail margins remain stable,' he added. He noted that the global oil market is being influenced by geopolitical factors, notably the recent escalation in trade tensions between the United States and China. The re-imposition of tariffs by the US has disrupted oil demand, especially from China, a major Brent crude importer, leading to excess supply and driving prices down. 'While we welcome the current decline in prices, we must remain cautiously optimistic. Global market volatility and local political uncertainty under the GNU require close monitoring,' said Ramolahloane. Fuel price adjustments are as follows: PETROL: • 93 ULP & LRP: decrease 22c/litre • 95 ULP & LRP: decrease 22c/litre DIESEL: • 0.05% Sulphur: decrease 42c/litre • 0.005% Sulphur: decrease 41c/litre ILLUMINATING PARAFFIN: • Wholesale: decrease 31c/litre • SMNRP: decrease 41c/litre LPG (Liquefied Petroleum Gas): • Maximum retail price: increase 46c/kg Don't have the ZO app? Download it to your Android or Apple device here: HAVE YOUR SAY Like our Facebook page and follow us on Twitter. For news straight to your phone invite us: WhatsApp – 060 784 2695 Instagram – zululand_observer At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
