The main reasons for the spike are the continued upward march of international petroleum prices and the weakening rand/US dollar exchange rate.
Last month, petrol 95 (both ULP and LRP) went up by 88c/l and 93 (both ULP and LRP) increased by 86c/l.
With the latest increases, one can now pay R13.26 for 95 petrol and 12.96 for 93.
esale price of illuminating paraffin will increase by 62c/l, while the single maximum national retail price will increase by 83c/l.
The maximum retail price of LP gas will also go up by 98 cents per kilogram.
The Automobile Association (AA) already warned on Friday that motorists should brace themselves for further spikes in the coming months.
By Monday (May 30) the rand was trading lower at R15.76 against the greenback and Brent crude oil was flirting with the $50 mark, selling for $49.74 a barrel.
The Department of Energy (DoE) said in a statement on Monday that the weakening of the rand against the US dollar increased the contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin.
The AA expressed concern over the steady rise in oil prices in the current weak rand environment, notwithstanding international opinion that global oversupply could see prices pull back.
