News24 reports that an oil price spike following Israeli and US attacks on Iran has fuelled higher petrol and diesel prices for SA motorists from Wednesday.
At midnight, the price of 93 unleaded petrol increased by 55c a litre, with 95 unleaded petrol rising 52c. Gauteng 95 unleaded petrol retails for R21.87 a litre from Wednesday, but still lower than R23.26 a year ago. On the coast, petrol will cost R21.04, from R22.47 last July. Wholesale prices of diesel will be hiked by between 82c and 84c, depending on the sulphur content. Wholesale diesel in Gauteng will be R19.35 a litre from Wednesday, from R20.66 a year ago. On the coast, wholesale diesel will cost R18.52, from R19.87 last year. The maximum national retail price of illuminating paraffin will increase by 89c on Wednesday, while the maximum retail price for LP gas will be lowered by 57c cents per kilogram. SA fuel prices are largely determined by international oil prices as well as the rand-dollar exchange rate, as oil is priced in the US currency. While the rand firmed to an average exchange rate of R17.8443/$ over the past month (from R18.1146 previously), it was not enough to compensate for surging oil prices.
- Read the full original of the report in the above regard at News24 Business (subscription / trial registration required)
- Read too, On average, July fuel price will cost an extra R25 a tank, at Daily Maverick
- En ook, Prys van petrol, diesel styg Woensdag, by Maroela Media
Get other news reports at the SA Labour News home page