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Rattling Rand Rattles Petrol Price

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Motorists will have to dig even deeper into their pockets on Wednesday next week as the petrol price is set to rise by between 36 and 37 cents a litre.

The price of 93 ULP will rise by 37 cents while that of 95 ULP will increase by 36 cents a litre, the Energy Department said on Friday.

A litre of Diesel 0.05% Sulphur is also set to increase by 35 cents and that of Diesel 0.005% Sulphur will rise by 37 cents.

The wholesale price of illuminating paraffin is set to increase by 30 cents and the single maximum national retail price for illuminating paraffin will increase by 40 cents a litre.

The Maximum Retail Price for LPGAS will increase by 62 cents.

A litre of petrol will cost R10.54 cents in Gauteng and R10.24 at the coast when the prices come into effect next Wednesday.

Although the average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review, the deterioration of the Rand against the US Dollar increased the contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 40.36 cents a litre, 41.94 cents a litre and 41.25 cents a litre respectively.

In September the fuel price rose by 9 cents. – BuaNews

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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.