The dreaded March increase in fuel prices has officially been confirmed, with the price hikes even higher than the recent February rise.

Both diesel and petrol will see a price hike of over R1 each, with 93 and 95 petrol increasing by 121 cents.

The price change is set to come into effect on Wednesday.

Inland prices:

• 93 Petrol will cost R24.13
• 95 Petrol will cost R24.45
• Diesel 0.05% will cost R22.42
• Diesel 0.005% will cost R22.62
• Illuminating paraffin will cost R16.48
• LPGAS per kg will cost R38.31

Coastal prices:

• 93 Petrol will cost R23.41
• 95 Petrol will cost R23.73
• Diesel 0.05% will cost R21.70
• Diesel 0.005% will cost R21.93
• Illuminating paraffin will cost R15.55
• LPGAS per kg will cost R35.35