The retail price of petrol in South Africa is set to rise by 20 cents per litre (c/l) across all grades of petrol from Wednesday May 4, the Department of Minerals and Energy said on Thursday.
The increase means that the price of inland 93 grade petrol will rise from R5,02 to R5,22.
The coastal price of petrol will be R5,11 a litre, compared with R4,91 in April.
At the same time, the wholesale price of diesel with 0,3% sulphur content is set to rise by 10c/l. The price of diesel with 0,05% sulphur content will rise by 13c/l.
Illuminating paraffin will experience a 26c/l increase in its wholesale price, and the single maximum national retail price of illuminating paraffin will increase by 35c/l to 507 cents per litre.
In a statement, the department said that during the period April 1 to 27, the average international product prices of petrol, diesel and illuminating paraffin all rose.
Meanwhile, the average rand-dollar exchange rate weakened to an average of R6,1785 per dollar from R6,0442 per dollar over the previous period.
Over the period, there was an under-recovery of 18,846c/l in the price of petrol, an under-recovery of 8,949c/l in the price of 0,3% diesel, an under-recovery of 11,117c/l in the price of 0,05% diesel and an under-recovery of 24,836c/l in the price of illuminating paraffin.