The price of petrol is set to increase by between R1 and 95 cents a litre tomorrow (Wednesday), the Department of Mineral Resources and Energy (DMRE) has said.
The price of 95 (ULP and LRP) will rise by R1 while the price of 93 (ULP and LRP) will rise by 95 cents a litre.
A litre of 95 ULP in Gauteng, which currently costs R16.32, will increase to R17.32 a litre.
Meanwhile, diesel (0.05% sulphur) will increase by 65.20 cents a litre and the price of diesel (0.005% sulphur) will increase by 63.20 cents.
The price of illuminating paraffin (wholesale) will increase by 34.80 cents.
The price of illuminating paraffin (SMNRP) will increase by 35 cents, while the maximum retail price for LPGAS will increase by 48 cents per kilogram.
“The average Brent Crude oil price increased from US$61.10 to US$64.00 per barrel during the period under review. The dramatic price fluctuations are attributable to a variety of events including low US crude oil inventory figures, the expected increased economic activity in the US due to the approval of their economic stimulus, and a vessel stuck in the Suez Canal causing a delay for all cargo containers including oil tankers,” said the department.
Fuel Levy and Road Accident Fund (RAF)
In addition, the Minister of Finance, in his Budget Speech in February, announced that the Fuel and Road Accident Fund (RAF) levies on both petrol and diesel would increase by 16 cents and 11 cents a litre respectively with effect from Wednesday, April 7.
“With effect from April 7, the fuel levy in the price structure of petrol and diesel will therefore amount to 393 and 379 cents a litre respectively. The Road Accident Fund levy in the price structure of both petrol and diesel will amount to 207 cents a litre with effect from April 7,” said the department. – SAnews.gov.za