SOUTH AFRICA TO RAISE ALL GRADE OF PETROL
The South African government has announced that the price of all grades of petrol will rise by 0.45 cents (about 03.25 US cents) a litre from next Wednesday.
Announcing this here Friday, the Department of Energy said the price of both grades of petrol (93 and 95 ULP and LRP) will increase by 45 cents, while the price of both grades of diesel (0.05% and 0.005% sulphur) will increase by 63 cents while illuminating paraffin (wholesale) will increase by 57 cents a litre.
Illuminating paraffin (SMNRP) will increase by 76 cents per litre while the maximum retail price for liquefied petroleum hgas (LPGAS) will increase by 59 cents per kilogramme.
The increase follows an increase in October. A litre of 95 ULP will cost motorists 13.05 Rand in Gauteng Province from next month.
The department said the main reasons for the fuel price adjustments were, among others, the change in the Rand/US Dollar exchange rate. “The Rand strengthened slightly against the US Dollar from R14.00 to R13.99, on average, during the period under review when compared with the previous one,” said the department.
There were also increases in the prices of petrol, diesel and illuminating paraffin, on average, in the international markets during the period under review.
Source: NAM NEWS NETWORK.