BL Premium reports that major fuel price hikes will be implemented on Wednesday.
The retail price of both grades of petrol (ULP 93 and 95) will increase by 37c/l, while the wholesale price of diesel will rise by 71c/l for low-sulphur 50ppm fuel and 72c/l for high-sulphur 500ppm diesel. Illuminating paraffin will go up by 95c/l. The latest hikes will bring the price of 95 unleaded petrol to R22.83 a litre in Gauteng, while the wholesale price of diesel will now be R20.21 a litre. The Department of Mineral Resources and Energy attributes the steep increases to higher international fuel prices during the period under review. The hikes would have been even higher had the rand not appreciated against the US dollar. Anticipating the sharp increases, the AA last week said it was the diesel price that was most concerning as it meant consumers would have to pay more for goods and services, which were mainly transported by diesel trucks.
- Read the full original of the report in the above regard at BusinessLive (subscriber access only)
- Read too, Hefty hike in diesel price on Wednesday, petrol also pricier, at Fin24
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