The price of all grades of petrol will increase by four cents a litre
The price of all grades of petrol will increase by four cents a litre, while diesel rise by 23c/l to 27c/l, the energy department said in a statement on Saturday.
The whole price of illuminating paraffin would increase by 21c/l and the single maximum national retail price by 28c/l. The maximum LPGas retail price would increase by 17c/kg.
The department said the main reasons for the fuel price adjustments were the rand/US dollar exchange rate and the prices of petroleum products in the international markets.
The rand weakened, on average, against the US dollar (from R13.13 to R13.62) during the period under review.
The average international market prices of petrol and illuminating paraffin decreased, while the diesel prices increased.
This led to an over-recovery of about 17c/l on petrol and about 2.5c/l on paraffin. Also, the average Brent Crude oil price increased slightly from $55.99 to $56.59 per barrel during the period under review.
