No respite with another petrol price hike

Johannesburg - The price of petrol will increase by 39c/l, and diesel by 32c/l on 1 January, the energy department said on Friday.

The price of 93 octane unleaded petrol and lead replacement petrol would go up by 39c, and that of 95 octane by 38c/l, it said in a statement.

Both grades of diesel would go up by 32c, while the price of illuminating paraffin would increase by between 39 and 52c/l.

The maximum retail price for LP gas would go up 56c/kg.

Explaining the increase, the department said the average international prices of petrol, diesel and illuminating paraffin increased during the period under review, 29 November to 26 December.

The average rand/US dollar exchange rate weakened to 10.3581 compared to 10.2121 during the previous period.

The fuel levy would increase to 10.96c/l from 1 January.