Petrol price to increase by 22c/l

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South Africa's petrol price pump in the main inland commercial region of Gauteng will increase by 22 cents, or 2 percent, a litre next Wednesday, the energy department said on Friday.

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

The new price of 95 grade petrol will be 11.04 rand ($1.34) a litre in the Gauteng region, up from 10.82 in July. The wholesale diesel price increases by 1.45 percent to 10.26 rand.

The price of diesel (0.05% sulphur) is set to increase by 14.62 cents a litre and the price of diesel (0.005% sulphur) is set to increase by 15.62 cents a litre.

The wholesale price of illuminating paraffin is set to increase by 15 cents a litre and the single maximum national retail price of paraffin is set to increase by 20 cents a litre.

The maximum retail price of LPGAS is set to increase by 52 cents a kilogram.

The average rand/dollar exchange rate strengthened when compared to the previous period‚ the CEF reported.

The average rand/dollar exchange rate for the period June 29 to July 26 was 8.2657 compared to 8.4189 during the previous averaging period.

The strengthening of the rand against the dollar reduced the contribution to the basic fuels price on petrol‚ diesel and illuminating paraffin by 11.51c/l‚ 12.17c/l‚ and 11.96c/l respectively.

Petrol 95 ULP octane in Gauteng will now cost R11.04 a litre‚ while at the coast it will cost R10.69 per litre. - Reuters, I-Net Bridge and staff reporter