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Here's how much more you'll be paying for fuel come Wednesday

3 August 2020 3:43 PM
Tags:
Fuel Price
Petrol price
Diesel
Motorists
fuel price hike

South African fuel prices are set to rise on Wednesday, the Department of Energy and Mineral Resources has confirmed.

Both grades of petrol will go up by 5 cents per litre, while diesel will cost motorists 45 cents more.

Illuminating paraffin will go up by 52 cents and LP GAS will be 4 cents cheaper.

In a statement, the Department of Energy and Mineral Resources says the price hike is due to the following factors:

  • The average international product prices for Petrol, Diesel and Illuminating Paraffin increased 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.

  • The average Rand/US Dollar exchange rate for the period 26 June 2020 to 30 July 2020 was 16.8234 compared to 17.1271 during the previous period. This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 9.93 c/l, 10.43 c/l and 9.27 c/l respectively.


3 August 2020 3:43 PM
Tags:
Fuel Price
Petrol price
Diesel
Motorists
fuel price hike

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