Fuel to increase by whopping 54 cents

Friday, April 1, 2011

Pretoria - Petrol prices are set to hit motorists hard when they increase by 54 cents a litre next Wednesday.

As of 6 April, all grades of petrol will increase by 54 cents, while the diesel price will rise by between 69.4 cents and 70.4 cents a litre.

April's increases follows the 43 cents a litre increase last month.

The wholesale price of illuminating paraffin is to increase by 48.6 cents and the single maximum national retail price for illuminating paraffin will increase by 59 cents. The maximum retail price for LP Gas will increase by 50 cents.

"The reasons for the fuel price increase are the high crude oil prices, road transport and pipeline tariffs adjustment in line with NERSA and Road Freight Association processes, as well as the fuel levy of 10 cents a litre and RAF of 8 cents a litre as announced by the Minister of Finance in his budget speech in February 2011," said the department. - BuaNews