Another petrol price increase this week
Motorist around the country should prepare to go deep into their pockets for fuel as the prices of petrol, diesel and paraffin are expected to increase this week.
The fuel price is going up with effect from Wednesday 04 July, the Department of Energy has announced.
“The Minister of Energy, Jeff Radebe, announces the adjustment of fuel prices for July 2018 based on current local and international factors with effect from 04 July 2018,” said the Energy Department in a statement.
The department attributed the increase to the Rand/US Dollar exchange rate, decrease in the prices of crude oil and the import prices of petroleum products.
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 importation costs, e.g. shipping costs.
Based on current local and international factors, the fuel prices for July 2018 will be adjusted as follows:
• Petrol (93 Octane, ULP and LRP): 26.00 c/l increase;
• Petrol (95 Octane, ULP and LRP): 23.00 c/l increase;
• Diesel (0.05% sulphur): 26.00 c/l increase;
• Diesel (0.005% sulphur): 24.00 c/l increase;
• Illuminating Paraffin (wholesale): 22.00 c/l increase;
• SMNRP for IP: 30.00 c/l increase;
• Maximum LPGas Retail Price: 37.00 c/kg increase.
