Petrol price increase set to be a pain in the pump
The prices of petrol and diesel are set to increase again from Wednesday, October 4.
The price of a litre of 93 octane petrol will be increasing by 25c, while a litre of 95 octane will go up by 29c.
A litre of diesel, meanwhile, will cost R12.12 inland and R11.74 at the coast.
The price of illuminating paraffin will rise by 39c/litre, meaning that a litre of paraffin will now cost R7.71 inland, and R7.13 at the coast.
The Central Energy Fund attributed the fuel price hikes to rising global prices for petrol and diesel.
This follows increases of 19c and 67c a litre for all grades of petrol in August and September respectively. In July motorists paid 69c less on a litre of petrol.
“The main reason for this increase is the weakening of the rand against the dollar during the period of review and the higher prices of petroleum in the market, which was in line with higher crude oil prices,” Energy Department spokesperson Robert Maake said.
Some tips on how to cope with the petrol hike:
*Spending less on luxuries like eating out
*Avoiding accumulating more credit and settling your loans quickly
*One can also consider options like starting travel clubs with colleagues or cycling, as alternative means of travelling to work.
