Petrol price to rise by 50 cents a litre

The price of diesel will jump by 39 cents a litre and illuminating paraffin by 43 cents a litre from 4 January.

Picture: EWN.

JOHANNESBURG - The Department of Energy has announced that the price of petrol is set to increase by 50 cents per litre from 4 January, while the price of diesel will jump by 39 cents a litre and illuminating paraffin by 43 cents a litre.

The price of liquid petroleum gas will rise by 106 cents per kilogram.

The department says average international product prices of petrol, diesel and illuminating paraffin increased during the period under review.

It adds that 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 2 December 2016 to 28 December 2016 was 13.8704 compared to 13.9125 during the previous period.

This led to decreases in the contribution to the basic fuels price on petrol, diesel and illuminating paraffin by 1.82 c/l, 1.75 c/l and 1.76 c/l respectively.