Fuel price increase announced
Motorists will pay more for a tank of fuel as of 1 February after the Department of Energy announced an increase in the fuel price.
CAPE TOWN - Motorists will pay more for a tank of fuel as of 1 February after the Department of Energy on Friday announced an increase in the fuel price.
The price of petrol (both 93 and 95) will increase by 29 cents per litre while the price of diesel (both 0.05% sulphur and 0.005% sulphur) will increase by 21 cents per litre.
The wholesale price of illuminating paraffin will increase by 17 cents per litre and the single maximum national retail price of illuminating paraffin will increase by 22 cents per litre.
Users of LP gas will fork out 21 cents more per kilogramme.
According to the Department of Energy, the fuel price increase was due to the average international product prices of petrol, diesel and illuminating paraffin.
"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 29 December 2016 to 26 January 2017 was 13.5831 compared to 13.8687 during the previous period. This led to lower contributions to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 12.87 c/l, 12.28 c/l and 12.24 c/l respectively," the Energy Department said in a statement.