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Fuel price up from Wednesday
Motorists can expect to fork out more for petrol and diesel from Wednesday 5 October.
“Petrol is expected to increase by between 43 to 45 cents a litre‚ diesel by 23 cents‚ and illuminating paraffin by 22 cents‚” the Department of Energy said on Friday.
The main reasons for the fuel price adjustments are due to the contribution of the Rand/US Dollar exchange rate reads a report from the department.
“The Rand strengthened against the US Dollar, on average, during the period under review but, was higher than the average of the previous review period. The reason for this is that the R/$ exchange rate was R14.60 at the beginning of the review period on 01 September 2016 and averaged to R14.01 on 29 September 2016.
Based on current local and international factors, the fuel prices for October 2016 will be adjusted as follows:
1. Petrol (93 ULP and LRP):44.00c/l increase;
2. Petrol (95 ULP and LRP):43.00c/l increase;
3. Diesel (0.05% Sulphur):23.00c/l increase;
4. Diesel (0.005% Sulphur):23.00c/l increase;
5. Wholesale price of Illuminating Paraffin:22.00c/l increase;
6. SMNRP of Illuminating Paraffin:30.00c/l increase;
7. Maximum Retail Price of LPGas:58.00c/kg increase
