Petrol price set to increase in April

Pretoria - The petrol price is set to increase by between 10 and 12 cents in Gauteng and by between 8 and 10 cents at the coast as of next week, the Department of Energy announced today.

A litre of 95 ULP will rise by 12 cents in Gauteng and will cost motorists R13.20.  A litre of 93 ULP will increase by 10 cents.

The increase will come into effect next Wednesday.

For motorists at the coast, a litre of 95 ULP is set to increase by 10 cents, pushing the price up to R12.83. A litre of 93 ULP will rise by 8 cents per litre.

In March, the petrol price rose by a whopping 81 cents, pushing the price of a litre to R13.08.

A litre of Diesel 0.05% will go up by 7.16 cents at the coast, while it will increase by 9.06 cents in Gauteng. The price of Diesel 0.005% Sulphur will increase by 8.16 cents in the coast and 10.06 cents in Gauteng.

Illuminating paraffin wholesale will decrease by 25.8 cents a litre and Illuminating Paraffin (Single Maximum National Retail price) is to decrease by 35 cents a litre. The Maximum Retail Price for LPGAS will decrease by 55 cents per kilogram.

The department said that during the period under review, the average international product prices of petrol, diesel and illuminating paraffin decreased.

“The average Rand/US Dollar exchange rate weakened when compared to the previous period. The average Rand/US Dollar exchange rate for the period 1 March 2013 to 26 March 2013 was 9.1932 compared to 8.9067 during the previous period.

“The weakening of the Rand  against the US Dollar  increased the contribution to the basic fuels price on petrol, diesel and illuminating paraffin by 23.2 cents a litre, 23.4 cents a litre and 23.5 cents a litre respectively,” said the Energy Department.

In delivering this year’s National Budget, Finance Minister Pravin Gordhan announced an increase in the general fuel levy of 15 cents a litre and a rise of 8 cents a litre for the Road Accident Fund. This increase comes into effect in April. -