UPDATE: Petrol price increase announced

Petrol pump

File: Government is expected to publish the official changes to the fuel price on Sunday or early next week.a

via publicdomainpictures.net



JOHANNESBURG - The AA proved correct in predicting that the price of petrol will increase by 26 cents a litre on Wednesday.

The Minister of Energy, Jeff Radebe, on Sunday announced that the petrol price would rise by 26c on Wednesday.

Petrol was already at an all-time high after June&39;s increase of 82 cents a litre and another fuel price hike is expected to hit already-reeling consumers hard.

The main reasons given for the fuel price adjustments were: - 

the depreciation of the rand against the dollar- this had the most significant impact with the currency deteriorating from an average R12.51 to the dollar, to R13.29 to the dollar;

a decrease for the period in the price of crude oil;

and a decrease in the import price of petroleum products.

The fuel prices for July 2018 will be adjusted as follows

? Petrol (93 Octane, ULP and LRP): 26.00 c/l increase;
? Petrol (95 Octane, ULP and LRP): 23.00 c/l increase;
? Diesel (0.05% sulphur): 26.00 c/l increase;
? Diesel (0.005% sulphur): 24.00 c/l increase;
? Illuminating Paraffin (wholesale): 22.00 c/l increase;
? SMNRP for IP: 30.00 c/l increase;
? Maximum LPGas Retail Price: 37.00 c/kg increase.

The fuel prices schedule for the different zones will be published on Tuesday, 03 July 2018.

Paid Content