Holiday petrol hike looms
JOBURG- Motorists using Gauteng roads may be hardest hit by the cost of travelling this December.
The Department of Energy announced that the price of petrol and diesel will increase on 4 December – a day after the commencement of e-tolling.
The price of both grades of petrol and diesel will increase by 17 cents and 10.12 cents per litre respectively, the department said in a statement.
According to the department, “the new fuel prices include the annual margin’s adjustment, changes in the Basic Fuel Price (BFP) and a decrease in the slate levy.”
However, a 5.6 percent increase in the annual adjustment to the petrol margins affected the petrol price.
“The decrease in prices of international petroleum products was not substantial enough to offset the effect of the volatile exchange rate on the fuel price,” the department added.
Additionally, the wholesale price of illuminating paraffin will increase by 16.5 cents a litre while the single maximum national retail price of illuminating paraffin will increase by 22 cents a litre.
LP gas will increase by 18 cents per kilogram.
