National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

Another petrol price shock

March 1 2013 at 01:05pm

Comment on this story

IOL mot jan3 petrol pump

AFP

Johannesburg - The retail price of petrol in South Africa will jump by nearly 7 percent (81c) a litre next Wednesday, while the wholesale diesel price will increase by 5 percent (58.3c/l), the energy department said on Friday.

The wholesale price of illuminating paraffin would go up by 57 cents a litre, and the Single Maximum National Retail Price (SMNRP) would rise by 76 cents a litre.

The maximum retail price for LP gas would go up by R1.18 a kilogram.

The department said that during the period under review the average international product prices of petrol, diesel, and illuminating paraffin had increased.

The average rand/US dollar exchange rate had weakened when compared to the previous period, and this had increased the contribution to the basic fuels price on petrol, diesel, and illuminating paraffin. - Reuters, Sapa


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory