Motorists set to pay more for petrol

The retail price of all grades of petrol will increase by 36 cents a litre on Wednesday September 2, the Department of Minerals and Energy announced on Friday.

Diesel prices will also increase, with 0,05% sulphur rising 35 cents a litre and 0,005% sulphur increasing by 36 cents per litre.

Wholesale paraffin increases by 21 cents and illuminating paraffin by 28 cents per litre.

95 petrol in Gauteng will now cost R8,05 a litre from R7,69 before, and it is now R7,82 at the coast from R7,46 before.

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

The average rand/US dollar exchange rate weakened when compared with the previous period. The average rand/US dollar exchange rate for the period July 31 2009 to August 27 2009 was 7,9913 compared with 7.,840 during the previous period.—I-Net Bridge

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