Petrol price to rise by 11 cents
The August price increases follow a price decrease of between 96 and 95 cents last month.
CASH-strapped consumers will have to fork out more at the pumps as the petrol price is set to increase by 11 cents on Wednesday.
The Department of Mineral Resources and Energy announced that a litre of 93 and 95 (ULP and LRP) will rise by 11 cents.
The price of diesel (0.05 per cent Sulphur) will decrease by 13.29 cents a litre, while that of diesel (0.005 per cent Sulphur) will decrease by 14.29 cents.
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The department said the main reasons for the fuel price adjustments during the period under review include local and international factors.
“On the international front, during the period under review, the Rand appreciated on average against the US Dollar from 14.62 to 14.05 Rand per dollar compared to the previous one. This led to a lower contribution to the Basic Fuel Prices on petrol by 28.20 cents a litre, diesel and illuminating paraffin 29.40 cents a litre.”
The August price increases follow a price decrease of between 96 and 95 cents last month.
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