Fuel price to increase on Wednesday

The Department of Energy has announced an increase in the price of fuel, set for Wednesday, Pretoria North Rekord reports.

From 2 May, motorists will have to dig even deeper into their pockets as both grades of petrol, 95 and 93 (ULP and LRP), increase by 49 cents. Diesel 0.05% sulphur and 0.005% sulphur prices will rise by 59 cents and 58 cents a litre respectively.

READ MORE: Fuel price hike to set record prices per litre

Illuminating paraffin – wholesale – will rise by 52 cents, SMNRP by 69 cents, and the maximum retail price for LPGAS by 70 cents per kilogram.

The department said the reasons for the increase were the weakening of the Rand against the US dollar and increase in Brent crude price.

“The Rand went through a period of volatility in April, mainly due to concerns over the China/US trade tariff dispute that put pressure on the currencies of emerging markets,” said the department.

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