Petrol price to increase by R1.62/l

The petrol price will increase by R1.62 a litre from Wednesday, the energy department said.

The price on 95 octane petrol would increase by R1.62 in Gauteng and R1.60 on the coast, according to a statement on Friday.

In Gauteng the price per litre of 93 octane petrol would increase by R1.56 and on the coast by R1.54.

The price per litre of diesel would increase by between R1.20, on the coast, and R1.24, in Gauteng.

The price of illuminating paraffin would increase by 26c per litre countrywide.

Liquefied Petroleum Gas would increase by 85c per kilogram countrywide.

Reasons given for the increase were higher international prices for petrol, diesel, and paraffin, and the weakening of the rand against the US dollar.