Brace yourself for fuel price hike

The prices of petrol and diesel will be going up this week. File photo: Itumeleng English / INLSA

The prices of petrol and diesel will be going up this week. File photo: Itumeleng English / INLSA

Published Jul 4, 2016

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Johannesburg - From Wednesday you'll fork out an additional 11 cents for a litre of 93 octane unleaded petrol and 8 cents for 95 octane unleaded petrol.

This will raise the cost of a litre of 93 octane petrol from R12.96 to R13.07 for inland motorists, while a litre of 95 octane unleaded petrol will go up from R13.26 to R13.34.

Announcing the adjustments on Sunday, the department of energy said diesel with 0.05 percent sulphur would go up by 42 cents a litre, while 0.005 percent sulphur diesel would go up by 41 cents a litre.

Also going up is illuminating paraffin, with the wholesale price set to rise by 57 cents a litre. Gas is likely to go up by 12 cents a kilogram.

The department said the main reasons for the fuel price adjustments were the strengthening of the rand against the dollar during the period under review, which cushioned the fuel prices by more than 17c a litre, a slight increase on average in the prices of petroleum products in the international markets and an increase in the prices of crude oil, on average, mainly due to supply disruptions in Canada, Venezuela, Libya, Nigeria and Iraq.

The department urged motorists and others to “use these petroleum products effectively during these tough economic times”.

The Star

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