Fuel price set to increase this coming Wednesday

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Motorists are set to dig a bit deeper in their pockets for fuel refill this coming as prices are set to go up this coming Wednesday.

Department of Energy and Mineral Resources Minister Gwede Mantashe has announced that effect on increase is mainly influenced local and international markets on a monthly basis.

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

The sad part about this development is that fuel price increase usually indirectly affect prices on many basic products/items that are usually consumed on daily basis such as food and public transport also gets affected.

In a statement released by the Minister’s office he said that with respect to finished products, the movement in international prices of petrol, diesel and illuminating paraffin increased by about 61.72 c/l, 27.22 c/l and 25.26 c/I respectively, during the period under review.

“Based on current local and international factors, the fuel prices for April 2021 will be adjusted as follows:
 Petrol (both 93 ULP and LRP): ninety five cents per litre (95.00 c/l) increase
 Petrol (both 95 ULP and LRP): one hundred cents per litre (100.00 c/l) increase;
 Diesel (0.05% sulphur): sixty five point two zero cents per litre (65.20 c/l) increase;
 Diesel (0.005% sulphur): sixty three point two zero cents per litre (63.20 c/l) increase;
 Illuminating Paraffin (wholesale): thirty four point eight zero cents per litre (34.80 c/l) increase;
 SMNRP for IP: thirty five cents per litre (35.00 c/l) increase;
 Maximum LPGas Retail Price: forty eight cents per kilogram 48.00 c/kg) increase” said the ministry.