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You are at:Home»Uncategorized»Petrol price to spike
Uncategorized

Petrol price to spike

Grocott's MailBy Grocott's MailMay 31, 2016No Comments2 Mins Read
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The price of petrol will increase by 52c per litre in June, the Department of Energy says. 

The price of petrol will increase by 52c per litre in June, the Department of Energy says. 

Both grades of diesel will increase by 76c per litre, 95 and 93 octane petrol will increase by 52c per litre, while illuminating paraffin (SMNRP) will increase by 83c per litre and liquefied petroleum gas (LPG) will increase by 98c per kilogram. 

Motorists and the public have been urged to use petrol efficiently during these tough economic times. 

The department said South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. 

“International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs. 

“The main reasons for the fuel price adjustments next month are the average increase in the prices of petroleum products in the international markets, and the weakening of the rand against the US dollar during the period under review which contributed to the price adjustments by over 20c per litre,” it said.

Analysts expect the diesel market to be tight in the next few months. – SAnews.gov.za

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