According to Arrive Alive, pump prices for both grades of petrol will increase by one cent while diesel and the maximum retail price for LP gas will decrease by between 1.8 and 4 cents a litre. The wholesale price for illuminating paraffin and the single maximum retail price will increase by 1 cent.
The main reasons for the fuel price adjustments are the weakening of the Rand against the US dollar despite the drop in prices of all petroleum products.
In December, each year, the Minister of Energy adjusts margins in terms of the fuel pricing regulatory framework.
The Department of Energy urges motorists and all households that use paraffin and LPGas to continue to use energy sparingly during these difficult economic conditions.
