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Petrol price to increase by 84c/l

By Time of article published Jun 28, 2013

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The SA retail price of all grades of petrol is set to increase by 84 cents per litre on Wednesday, July 3, the department of energy has announced.

As a result of this increase the price of 95 octane petrol will increase to R13.23 a litre - a record price in Gauteng - and R12.86 a litre - a record price at the coast.

The price of both grades of diesel is set to increase by 78.20 cents a litre at the same time.

The wholesale price of illuminating paraffin is set to rise by 75 cents a litre while the single maximum national retail price of paraffin is set to increase by R1 a litre on Wednesday, July 3.

The maximum retail price of Liquefied Petroleum Gas (LPgas) is set to increase by R1.29 cents per kilogramme at the same time.

“The average international product prices of petrol, diesel and illuminating paraffin increased during the period under review. The average rand/US dollar exchange rate weakened when compared to the previous period. The average rand/US dollar exchange rate for the period May 31, 2013 and June 27, 2013 was 10.0487 compared with 9.2987 during the the previous period,” the department of energy said in a statement.

“The weakening of the rand against the US dollar increased the contribution to the basic fuels price on petrol, diesel and illuminating paraffin by 58.09 cents a litre, 59,29 cents a litre and 58,53 cents a litre respectively,” the department added. - Staff reporter

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