Another petrol price hike set for June
Motorists and the general public have been urged to use petrol efficiently during these tough economic times.
The price of petrol will increase by 52 cents per litre in June, the Department of Energy said.
Both grades of Diesel will increase by 76 cents per litre, 95 and 93 octane petrol will increase by 52 cents per litre, while illuminating paraffin will increase by 83 cents per litre and Liquefied Petroleum Gas (LPG) will increase by 98 cents per kilogram.
Read: The real price of fuel in South Africa
The department said South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.
Also Read: DSTV announces substantial price hike
Motorists and the general public have been urged to use petrol efficiently during these tough economic times.
“The main reasons for the fuel price adjustments in June 2016 are the average increase in the prices of petroleum products in the international markets, and the weakening of the Rand against the US Dollar during the period under review which contributed to the price adjustments by over 20 cents per litre,” it said.
