ANA reports that the price of both grades of petrol - 93 octane and 95 octane unleaded (ULP) and lead replacement petrol (LRP) - will increase by 54c/l with effect from midnight on Tuesday.
Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005% sulphur will remain unchanged, the energy department said in a statement on Sunday. The wholesale price of illuminating paraffin will increase by 3c/l and the single maximum national retail price (SMNRP) of illuminating paraffin will increase by 4c/l. The maximum retail price for LPGas would increase by 84c/kg. In a further statement on Sunday, Energy Minister Jeff Radebe said the main reason for the increased fuel prices were that the rand on average had strengthened slightly against the US dollar from 14.3871 to 14.1401 rand per dollar. The settling of contagion risks from emerging markets provided a foundation for the rand's strengthening trend. The average Brent Crude oil price increased from US66.03 per barrel to US70.82 per barrel during the period under review.
- Read the full original of the report on the petrol price increase at Independent News
- See too, Petrol price to go up by 54 cents a litre for May, at Fin24
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