The retail price of petrol in South Africa will rise by 18 cents a litre on Wednesday August 6, the Department of Minerals and Energy said on Friday.
In addition there will be a 6 cents per litre rise in the wholesale price of diesel 0,3% sulphur and a 6c/l increase in diesel 0,05% sulphur on the same day. The Single Maximum National Retail price of illuminating paraffin will rise by 14 c/l.
This means that the retail price of 93 octane petrol rises to 400 cents a litre in Gauteng and 388 cents at the coast. Wholesale 0,3% sulphur diesel will cost 324,90 cents a litre in Gauteng and 312,70 cents at the coast, while illuminating paraffin will cost a maximum of 236,30 cents a litre in Gauteng and 215,30 cents at the coast.
The Department reports that since the beginning of the current fuel price review period — from June 26 to July 25 — international prices of petrol rose, while those of diesel and illuminating paraffin decreased.
The average rand/dollar exchange rate strengthened to 7,5984 in the reporting period from 8,0144 during the previous period.
The Minister of Minerals and Energy approved a 0,7c/l increase in the retail margin of petrol. – I-Net Bridge