The petrol price will increase by 71 cents a litre on April 4 in Gauteng and by 66 cents a litre at the coast, the Department of Energy said in a statement.
The new price for 95 grade petrol will be R11.94 a litre in the Gauteng region from R11.23 and the new price for 93 grade petrol will be R11.59 a litre from R10.93 in Gauteng.
The price of 0.05% sulphur diesel and that of 0.005% sulphur diesel will go up by 51.9 cents and 53.9 cents per litre respectively in Gauteng.
The wholesale diesel price will rise by about 5 percent to 10.89 rand in Gauteng. The wholesale diesel price will increase to R10.64 from R10.17.
During the period under review, the average international product prices of petrol, diesel and illuminating paraffin increased.
The average rand/US$ exchange rate strengthened when compared to the previous period.
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 2 2012 to March 30 2012 was 7.6193 compared with 7.6790 during the previous period.
The strengthening of the rand against the US Dollar decreased the contribution to the basic fuels price on petrol, diesel and illuminating paraffin by 5.41 c/l, 5.53 c/l and 5.40 c/l respectively.
The Single Maximum National Retail price for illuminating paraffin will increase by 32 cents per litre to R10.64 per litre.
The maximum retail price for liquid petroleum gas will increase by 68 cents per kilogramme.
Apart from the normal monthly changes due to the exchange rate and international product prices, which increased the retail petrol price by 38 cents per litre, there were additional imposts announced in the February Budget, as well as by the national regulator.
The fuel levy increased by 20 cents per litre to 197.5 cents per litre, while the Road Accident Fund levy rose by 8 cents per litre to 88 cents per litre.
There was also a 3.9 cents per litre increase in transport costs due to a rise in the pipeline tariff, as well as a 1.1 cent per litre increase to reduce the balance owed to petrol suppliers, which at the end of February stood at R231.2 million. - I-Net Bridge and Reuters