Motorists in South Africa will be bashing their heads on the steering wheel when the petrol price goes up by 93c/litre next week Wednesday. Diesel will cost 69c/litre more than before.
The Department of Energy said on Friday that the 8.4% increase in petrol prices is partly due to wage increases for petrol attendants. The price of 95 grade petrol will cost R11,97 in Gauteng and R11,62 at the coast. Wholesale diesel prices will also go up by 6.7% to R10,95 per litre.
The increase is also due to rising oil prices fueled by supply issues and improved confidence in the US as well as the weakening rand/dollar exchange rate compared to the previous period. The single maximum national retail price for illuminating paraffin will also increase by 97c per litre to R8,34 per litre.
News Source: News24