/ 28 March 2008

More misery for motorists as petrol price set to rocket

The retail price of petrol will increase by between 66 cents and 68 cents a litre (c/l) on Wednesday April 2, the Department of Minerals and Energy announced on Friday.

This follows an increase of 61c/l last month, and 17c/l the month before.

The department said that 91 octane unleaded petrol would go up by 68c/l, while 93octane unleaded and lead replacement petrol will go up by 67c/l, and 95 octane by 66c/l.

The wholesale price of diesel 0,005% sulphur will increase by 130c/l.

The wholesale price of illuminating paraffin will increase by 118c/l, while the single maximum national retail price for illuminating paraffin will increase by 157c/l.

The retail price of a litre of 95 octane unleaded petrol in Gauteng increases to R8,91 and to R8,67 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 29 2008 to March 27 2008 was 7,9884 compared with 7,6645 during the previous period. — I-Net Bridge