South Africa’s retail petrol price for all grades of petrol will rise by 14 cents per litre (c/l) from February 1, the Department of Minerals and Energy announced on Friday.
The wholesale price of diesel 0,3% sulphur will fall by 1c/l, while diesel 0,05% sulphur will see no change on the same date.
The wholesale price of illuminating paraffin will be rise by 4c/l, while the single maximum national retail price of illuminating paraffin will be increased by 5c/l.
The latest changes bring the retail price of a litre of 93 octane petrol in Gauteng to R5,63 a litre and to R5,40 a litre at the coast.
During the review period, the average international prices of petroleum products increased, while the average rand/dollar exchange rate strengthened when compared with the previous period. The average rand/dollar exchange rate for the period was R6,1408, compared with R6,3762 in the December averaging period and R6,6751 in the November averaging period. — I-Net Bridge