FUEL prices will remain largely unchanged this month according to the department of energy.
The move follows an intervention by government that will see the fuel price remain unchanged except for the 4.9c/l increase in the retail margin of petrol to cater for the annual salary increase for forecourt attendants, cashiers and other administration staff.
The Minister of Energy, Jeff Radebe said South Africa has witnessed sustained increases in fuel prices for the past few months, which placed a strain on the consumers.
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“Despite the fact that these increases were caused mainly by international factors, the department has decided to intervene temporarily for this month. This is a once-off temporary intervention to provide some relief to motorists and consumers against fuel price hikes.”
He said the 4.9c/l salary increase was in line with the Motor Industry Bargaining Council (MIBCO) agreement of 18 November 2016. This annual increase is effective from tomorrow, Wednesday, 5 September 2018.
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Before government intervention, petrol was expected to increase by between 23 and 25 cents a litre, while diesel was due to rise by around 28 cents and illuminating paraffin by 17 cents.
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