Petrol price to rise by 27 cents

The retail price of petrol will rise next week, the Energy Department said on Friday.

The price of all grades of petrol would increase in price by 27 cents a litre. The wholesale price of diesel with a 0,05% sulphur content will rise by 25 cents a litre.

Diesel with a 0,005% sulphur content will increase in price by 26 cents a litre.

The wholesale price of illuminating paraffin will rise by 29 cents a litre and the single maximum national retail price for illuminating paraffin will increase by 39 cents a litre.

According to the Energy Department, from October 30 to November 26, the average international product prices of petrol, diesel and illuminating paraffin increased.

“The average Rand/US Dollar exchange rate weakened when compared to the previous period.”

The department said the average rand/US dollar exchange rate for the October 30 to November 26 was 7,5722 compared to 7,4988 during the previous period.

A litre of petrol ULP 95 will now cost R7,92 a litre in Gauteng.—Sapa

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