BusinessLive reports that the pain for SA motorists will continue in July with fuel prices to reach new record levels on Wednesday.
The price of 93 octane petrol will rise by R2.37/l and 95 octane by R2.57/l, with low sulphur 50ppm diesel to go up by R2.30/l and 500ppm by R2.31/l. Illuminating paraffin will rise by R2.21/l. The new retail price of a litre of 93 petrol will be R26.31 and 95 will cost R26.74 inland, while the inland wholesale price of 500ppm diesel will be R25.40 and 50ppm diesel will cost R25.53. The prices are nearly R10/l more than a year ago and the Department of Mineral Resources and Energy attributes the hikes to average international prices for fuel increasing during the period under review. The government's temporary reduction in the general fuel levy is being halved in July, which will add to the increases. The temporary relief will be entirely withdrawn from 3 August. The AA noted: "There is a need to interrogate all the components of the fuel price, to determine whether all these components are still necessary in the existing formula, and to establish if the current calculations of these components are correct. The longer this review is not initiated, the longer the country will wait for lasting solutions.”
- Read the full original of the report in the above regard by Denis Droppa at BusinessLive
- Read too, Fuel prices to surge to new record, as general levy relief is trimmed to 75c/l, at Engineering News
Get other news reports at the SA Labour News home page