Petrol price goes up by 72 cents next week

The price of 95 unleaded and leaded petrol in Gauteng will increase by 72c/l and at the coast 62c/l with effect from next Wednesday, the Department of Energy (DoE) has announced.

The price of 93 unleaded and leaded petrol will increase 69c/l in Gauteng and 59c/l at the coast, according to the official announcement.

Diesel prices will go up 65.20c/l in Gauteng and 55.10c/l at the coast.

Illuminating paraffin (wholesale) will cost 2.30c/l and 4.90c/l less in Gauteng and at the coast respectively. Illuminating paraffin (single national maximum retail price) will be 6c/l cheaper countrywide.

The maximum retail price for LP gas will increase by 39c/kg from next Wednesday.

Minister of energy Jeff Radebe said the main reasons for the fuel price adjustments are due to the increase in the fuel and road accident fund levies of 22 cents per liter and 30 cents per litre, respectively, as announced by the minister of finance in his budget speech last month.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs such as shipping costs.

The fuel prices schedule for the different zones will be published on Tuesday, 3 April 2018.

– additional reporting by ANA