Fuel prices are set to spike this Wednesday, here is how much you will pay
After a welcome recent decrease, fuel prices are about to rise again. What's behind the big jump?
Get ready to tighten those belts, as petrol, diesel and paraffin are all going to cost more from Wednesday, March 4, The Citizen reports.
The spike is attributed to a perfect storm of rising crude oil prices, increased global demand, and tensions on the world stage.
Here’s what you’ll pay from Wednesday
Both 93 and 95, in unleaded and lead replacement form, will increase by 20c per litre. Diesel will see steeper hikes with 0.05% sulphur grade going up by 62c per litre, while the cleaner 0.005% sulphur variant rises by 65c per litre.
Illuminating paraffin, used by many low-income households for cooking and heating, will increase by 44c per litre at wholesale level, with the suggested maximum national retail price rising by 58c per litre.
For liquid petroleum gas, Department of Mineral Resources and Energy spokesperson Robert Maake confirmed the maximum retail price will rises by 23c per kilogram nationally.
Read the full report by The Citizen HERE.
