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Motorists to pay more

Petrol price increases substantially

From 5 October your weekly Sunday afternoon drive will have to be changed to once a month.

The Department of Energy has announced that, based on local and international factors, the price of all grades of petrol will increase on 5 October. Motorists will pay 44 cents per litre more for 93 unleaded and lead-replacement petrol, 43 cents per litre more for 95 unleaded and lead-replacement petrol and 23 cents per litre more for diesel.

The wholesale price for illuminating paraffin will increase with 22 cents per litre, the single maximum national retail price (SMNRP) of illuminating paraffin will be 30 cents per litre more and the maximum retail price of LPGas will increase by 58 cent per kilogram.

South Africa’s fuel prices are adjusted on a monthly basis and are influenced by international and local factors.

According to the Department of Energy the main reason for the fuel price adjustment was the rand/ US dollar exchange rate. Other reasons include the increase in international petrol, diesel and illuminating paraffin prices as well as the sharp increase in the price of crude oil in the period under review.

“The reason for this is that the rand/ US dollar exchange rate was R14,60 at the beginning of the review period on 1 September and averaged R14,01 on 29 September.

Crude oil stocks in the US fell sharply, which pushed up the prices ahead of an oil producers meeting in Algeria late last month,” said the Department.

Do you perhaps have more information pertaining to this story? Email us at roodepoortrecord@caxton.co.za (remember to include your contact details) or phone us on 011 955 1130.

For free daily local news on the West Rand, also visit our sister newspaper websites Randfontein HeraldKrugersdorp News and Get It Joburg West Magazine

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