The retail price of petrol will increase by 37 cents a litre from Wednesday for both the 93 and 95 octane grades
The retail price of petrol will increase by 37 cents a litre from Wednesday for both the 93 and 95 octane grades, the department of mineral resources and energy said on Monday.
The wholesale price of diesel will also increase by between 71 and 72 cents a litre. The price of illuminating paraffin, used by indigent households for cooking and lighting, will increase by 71 cents a litre.
The department said the main reason for the fuel increase, which is informed by international and local factors, is because crude oil price increased from $75.10 to $79.75 during the period under review.
In July, consumers received a reprieve as petrol prices were cut between 17 and 24 cents a litre. Diesel, however, was hiked.
The Automobile Association (AA), in a statement, expressed concern about the impact of rising diesel prices.
The change brings the price of a litre of 95 unleaded petrol in South Africa’s inland areas to R22.83 per litre, up from R22.46.