Petrol price increase

The petrol price is set to rise by as much as 44 cents a litre on Wednesday and the factors that have conspiring against motorists’ wallets include the weak rand, the start of the driving season in Europe and Ramadan. The warmer weather in the north has, however, eased pressure on diesel prices, a boon for the cost of emergency power generation for cash-strapped Eskom.
The price of petroleum products will increase from July 1, mainly because the rand is weakening against the dollar, the department of energy said. For the period under the department’s review – the 30 days that ended on June 26 – the rand lost 40 cents against the dollar.
(source: Mail&Guardian)