The retail price of all grades of petrol will increase by three cents a litre on Wednesday November 7, the Department of Minerals and Energy announced on Friday.
The wholesale price of diesel — all grades — will decrease by six cents a litre.
The wholesale price of illuminating paraffin will increase by 10 cents a litre, while the single maximum national retail price for illuminating paraffin will increase by 13 cents a litre (c/l).
The latest changes bring the retail price of a litre of 95 octane unleaded petrol in Gauteng to 704c/l and to 680c/l at the coast.
In June the price of petrol hit an all-time high of 724c/l.
During the period under review, the average international product prices of petrol, diesel and illuminating Paraffin increased.
The average rand/United States dollar exchange rate strengthened when compared with the previous period. The average rand/US dollar exchange rate for the period August 31 to September 27 was 6,7877 compared with 7,1580 during the previous period, it was reported. — I-Net Bridge