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The price of petrol will rise for the second time trhis year at midnight on Wednesday. Picture: Steve Lawrence
The price of petrol will rise for the second time this year when it goes up 32c a litre on the first Wednesday in February.
The energy department said on Friday the price of a litre of 95 octane petrol in Gauteng would go up from R10.61 to R10.95 a litre on February 2, a rise of 3.2 percent.
The price of diesel with 0.05 percent sulphur content will go down by one cent, that of diesel with 0.005 percent sulphur content will drop by two cents a litre.
The wholesale price of Illuminating paraffin will go down three cents a litre and the single maximum national retail price will drop by four cents a litre.
The maximum retail price for LP gas will go up by 50 cents a litre.
South Africa is a net importer of oil and adjusts its fuel price each month to account for changes in the dollar/rand exchange rate, the international oil price and government levies.
During the period under review, the department said, the average international product prices of petrol, diesel, and illuminating paraffin increased and the average rand/dollar exchange rate strengthened. - Reuters
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electro, wrote
Anonymous, wrote
All these government levies were meant to build and maintain roads but they want to toll us too. Double taxation is wrong.
Ben S, wrote
If we know the exchange rate as well as the price of crude oil, we only need to know the government levies in order to calculate where the increases over the past two years come from.
Paul C, wrote
@Slim, No, oil is priced on teh futures market (WTI or BRENT) and thats what you pay. It WOULD make sense to allow the rand to appreciate and offset this. *queue all the protect our export comments*
Slim Issy, wrote
wouldnt it make more sense for S.A to get its fuel from Nigeria or other African countries?
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