/ 27 December 2007

No change in petrol price

The retail price of all grades of petrol will remain unchanged on Wednesday January 2 from a previous increase of 43 cents a litre, the Department of Minerals and Energy announced on Thursday.

The wholesale price of diesel will increase by one cent a litre and remain unchanged for 0,005% sulphur.

The wholesale price of illuminating paraffin will increase by nine cents a litre, while the single maximum national retail price for illuminating paraffin will increase by 12 cents a litre.

The retail price of a litre of 95 octane unleaded petrol in Gauteng remains at R7,47 and R7,23 at the coast — new highs set in December.

During the period under review, the average international product prices of petrol, diesel and illuminating paraffin decreased.

The average rand/United States dollar exchange rate weakened when compared with the previous period. The average rand/US dollar exchange rate for the period November 30 2007 to December 26 2007 was 6,8433 compared with 6,7243 during the previous period. — I-Net Bridge