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Another petrol price shock

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

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