Petrol price to rise again

The retail prices of petrol will increase by 14 cents a litre for all grades on May 5, the Department of Energy announced on Friday.

This follows a 48c-per-litre increase last month.

Diesel prices will also increase, with 0,05% sulphur and 0,005% sulphur both going up by 29,5 cents per litre.

Wholesale paraffin will increase by 30 cents, and illuminating paraffin will go up by 41 cents per litre.

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

The average rand/US dollar exchange rate strengthened when compared with the previous period. The average Rand/US dollar exchange rate for the period March 31 2010 to April 29 2010 was 7,3749 compared with 7,4753 during the previous period. — I-Net Bridge

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