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Date: 10 July 2025

Venue: Good Hope Chamber, Parliament

Time: 16:30

#DEEBudget2025

• Petrol 93 (ULP & LRP): Fifty-five cents per litre (55.00 c/l) increase.
• Petrol 95 (ULP &LRP): Fifty-two cents per litre (52.00 c/l) increase.
• Diesel (0.05% sulphur): Eighty-two cents per litre (82.00 c/l) increase.
• Diesel (0.005% sulphur): Eighty-four cents per litre (84.00 c/l) increase.
• Illuminating Paraffin (wholesale): Sixty-seven cents per litre (67.00 c/l) increase.
• SMNRP for IP: Eighty-nine cents per litre (89.00 c/l) increase.
• Maximum LPGas Retail Price: Fifty-seven cents per kilogram (57.00 c/kg) decrease country-wide except in Western Cape where it’ll increase by one hundred and ninety cents per kilogram (190.00 c/kg).

The Department of Mineral and Petroleum Resources published the Draft Mineral Resources Development Bill, 2025 on 20 May 2025, and invites all interested parties to submit written comments. The deadline for submissions is 8 August 2025. To ensure broad engagement, a series of stakeholder consultation sessions will be held across all nine provinces. These sessions aim to gather input from stakeholders within the South African mining industry.

The Critical Minerals and Metals Strategy outlines a clear and coordinated roadmap to leverage these natural resources in a manner that promotes inclusive growth, industrial development, job creation, and economic transformation. It prioritises exploration, beneficiation at source, research and development, regional integration, financial instruments and energy security, guided by our constitutional commitment to environmental sustainability, social justice, and economic equity.

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The South African National Petroleum Company (SANPC) was officially launched by Minister Gwede Mantashe today [23 May 2025], who hailed it as a "Southern African petroleum champion" committed to supporting the region’s energy needs and strengthening national energy security.