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Big Diesel Price Increase

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Both grades of Diesel will increase by 76.00 cents per litre, 95 and 93 octane petrol will increase by 52.00 cents per litre, while illuminating paraffin (SMNRP) will increase by 83.00 cents per litre and Liquefied Petroleum Gas (LPG) will increase by 98.00 cents per kilogram.

The price of petrol will increase by 52 cents per litre in June, the Department of Energy says.

Motorists and the general public have been urged to use petrol efficiently during these tough economic times.

The department said South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.

“The main reasons for the fuel price adjustments in June 2016 are the average increase in the prices of petroleum products in the international markets, and the weakening of the Rand against the US Dollar during the period under review which contributed to the price adjustments by over 20.00 cents per litre,” it said.

Analysts expect the diesel market to be tight in the next few months. – SAnews.gov.za

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.