Fuel prices to increase from midnight
February’s increase will be less than 30c per litre.
The petrol price is set to rise from Wednesday after the new year started with a drop in fuel prices.
The fuel price reductions will come into effect when the official adjustment for February is made on Wednesday, February 1.
The Central Energy Fund (CEF), on behalf of the Department of Mineral Resources and Energy, has announced fuel product price adjustment as follows:
Both ULP 93 and 95 will increase by 28c per litre, bringing the prices to R21.68 for ULP 95 and R21.38 for ULP 93.
Diesel 500ppm will increase by 9.16c per litre, bringing the price to R21.32.
Diesel 50ppm will decrease by 0.8c per litre, bringing the price to R21.41.
The maximum LP gas retail price will decrease by R1.40 per kilogram. And illuminating paraffin will increase by 58c per litre at wholesale.
According to the CEF, part of the increase was due to the average international product prices for petrol, diesel and illuminating paraffin increasing during the period under review.
“The rand appreciated against the US dollar during the period under review, on average, when compared to the previous period. This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin,” the CEF said in a statement.
The Automobile Association (AA) said: “Any increases to fuel prices now, at a time when South Africans are grappling with, among other issues, financial pressures and rolling blackouts is unwelcome. We again want to urge the government to revisit the fuel pricing structure to find ways to mitigate against this and other possible increases in future.”
The AA said that they were imploring finance minister Enoch Gondwana not to increase the two main levies attached to fuel prices ahead of his mid-February budget speech.
“Consumers continue to be extremely embattled and increases to the two fuel levies will be counter-productive, are ill-timed, and have disastrous outcomes for millions of people already struggling to make ends meet,” said the AA.
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