Fuel price set to increase
The main reason is crude oil prices, says the department
![](https://images.caxton.co.za/wp-content/uploads/sites/63/2022/02/elegant-woman-standing-gas-station_1157-33892-Large-780x470.jpg)
Consumers will have to dig deeper into their pockets, as the price of petrol is set to increase at midnight.
The Minister of Mineral Resources & Energy, Gwede Mantashe, announced the adjustment of fuel prices that will come into effect from tomorrow (Wednesday, February 2).
Consumers are advised to take note of the following changes:
Petrol is set to increase by 53 cents a litre, diesel is set to rise by 79.84 cents a litre, while the price of illuminating paraffin will go up by 101 cents a litre.
According to a statement from the Department of Mineral Resources & Energy, 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 an international level, including importation costs.
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“The main reason for the fuel price adjustment is crude oil prices,” said the department.
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