Inland petrol price climbs up to over R16/litre

Both grades of petrol, 93 and 95 (ULP & LRP), will increase by 26 cents and 23 cents a litre respectively on Wednesday, the Department of Energy announced on Sunday.

Diesel 0.05% sulphur and diesel 0.005% sulphur will increase by 26c and 24c a litre respectively.

Illuminating paraffin (wholesale) will go up by 22c, while illuminating paraffin (SMNRP) will cost 30c more per litre.

The maximum retail price for LPGAS will spike by 37c a per kilogram.

The DoE ascribed the huge spike in fuel prices to a weaker rand.

“The average rand/US dollar exchange rate for the period June 1, 2018 to June 28, 2018 was R13.2871 compared to R12.5099 during the previous period.

“This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 43.21c/l, 44.36c/l and 44.62c/l respectively.”

The latest hike has taken the per litre price of petrol further into record territory, with motorists now having to fork out R15.53 and R16.02 for a litre of 95 octane unleaded petrol on the coast and inland respectively.

The Automobile Association said on Thursday South Africans have been thrown a lifeline by declining oil prices in June, but not enough to avert another hike in fuel prices. ― Fin24

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Agency
External source

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Burn them — that’s what happens to expired Covid vaccines

Vaccines don’t last forever. When they reach their expiration date, the jabs need to be disposed of in a way that ensures they aren’t retrievable. A waste management company explains how this is done

Mr President, We have another state of disaster and it’s...

The Covid-19 state of disaster response proved how quickly a government can act when it needs to

What comes after the ANC?

We need to reimagine South Africa without the ANC and if we do not, we will either live with false hope or the country’s crisis will intensify

Police fail parents who babies died in alleged negligence incident,...

A lost police case docket and a hospital failing to report alleged medical misconduct adds to parents’ grief after losing twins.
Advertising

press releases

Loading latest Press Releases…
×