Fuel price to go up on Wednesday

The retail price of all grades of petrol will increase by 54 cents a litre on Wednesday, the energy department said on Friday.

The price of diesel with a 0.05% sulphur content would increase by 70,4 cents a litre.

The price of diesel with a 0.005% sulphur content would increase by 69,4 cents a litre.

The wholesale price of illuminating paraffin would increase by 48,6 cents a litre.

The single maximum national retail price for illuminating paraffin would increase by 59 cents a litre.

The energy department said the fuel price had increased because of high crude oil prices and the road transport and pipeline tariffs adjustment in line with the National Energy Regulator of South Africa and Road Freight Association processes.

It also included a fuel levy increase of 10 cents a litre and a Road Accident Fund increase of eight cents a litre, which was announced by the Minister of Finance in his budget vote speech in February.—Sapa