SA petrol price set to rise

The retail price of all grades of petrol will rise by between 68 cents and 69 cents per litre (c/l) from Wednesday April 4, the Department of Minerals and Energy said on Friday.

The price of 95 octane petrol was set to increase 68 cents per litre, while that of 93 and 91 octane would increase 69 cents respectively.

The wholesale price of diesel 0,05% sulphur will increase by 38 cents a litre and that of 0,005% sulphur will rise by 37 cents a litre on the same date.

The wholesale price of illuminating paraffin will rise by 30,9c/l, while the single maximum national retail price of illuminating paraffin will increase by 41c/l.

The latest changes bring the retail price of a litre of 95 octane unleaded petrol in Gauteng to 667c/l and to 643c/l at the coast.

During the period under review — March 2 to March 29 — the average international product price of petrol, diesel and illuminating paraffin increased.

The rand/United States dollar exchange rate weakened when compared with the previous period and averaged 7,3841 compared with 7,1956 in the previous period.

The minister of finance, in his budget speech on February 23 2007, announced an increase of 5c/l in fuel tax and a 5c/l increase in the Road Accident Fund levy applicable on petrol and diesel with effect from April 4 2007. — I-Net Bridge

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