The retail price of all grades of petrol will increase by 61 cents per litre on Wednesday March 5 after increasing by 17 cents a litre last month, the Department of Minerals and Energy announced on Friday.
The wholesale price of diesel and 0,005% sulphur will increase by 78 cents a litre.
The wholesale price of illuminating paraffin will increase by 76 cents a litre, while the single maximum national retail price for illuminating paraffin will increase by 102 cents a litre.
The retail price of a litre of 95 octane unleaded petrol in Gauteng increases to R8,25, and to R8,01 at the coast — new highs.
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 weakened when compared with the previous period. The average rand/US dollar exchange rate for the period February 1 2008 to February 28 2008 was 7,6645, compared with 6,9838 during the previous period. — I-Net Bridge