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South Africa-Huge hike in petrol, diesel prices

bycitibusinessnews
May 30, 2016
in Africa, Southern Africa
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The pump price of petrol will rise by 52 cents a litre (c/l) for all grades, while diesel will increase by a whopping 76 c/l, the department of energy announced on Monday.

The main reasons for the spike are the continued upward march of international petroleum prices and the weakening rand / US dollar exchange rate.

Last month, petrol 95 (both ULP & LRP) went up by 88c/l and 93 (both ULP & LRP) increased by 86c/l.

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The wholesale price of illuminating paraffin will increase by 62c/l, while the Single Maximum National Retail price will increase by 83c/l.

The maximum retail price or LPGAS will also go up by 98c/kg.

–

Source: Fin24

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