Fuel price rise by 71 cents to 14.76 rand, Diesel by 60 cents to 12.95 rand
Cape Town, South Africa – The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday due to a weaker rand currency and higher crude oil prices, the energy department had announced.
The price of petrol will rise by 71 cents to 14.76 rand per litre in the commercial hub of Gauteng province, while that of diesel will go up by 60 cents to 12.95 rand.
The department, in a statement, attributed the price hikes to the international prices of petrol, diesel and illuminating paraffin increasing, as well as currency fluctuations.
“The Rand depreciated against the US Dollar during the period under review, on average, when compared to the previous period,” the statement said.
“This led to a higher contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 23.15c/l, 23.03c/l and 23.34c/l respectively.”
The wholesale price of illuminating paraffin will go up by 73 cents a litre, while the maximum retail price for Liquid Petroleum (LP) gas will increase by 204 cents per kilogramme.
The price increases takes effect on Wednesday, December 6.
With Reports from African News