Petrol will rise by R1.34/l for 93 octane and R1.31/l for 95 octane in inland provinces.
Energy minister Jeff Radebe announced the increase which will kick on from Wednesday.
This means consumers will pay over R15/l.
“April is an important month in the fuel price calendar to revise road and pipeline tariffs as well as fuel and Road Accident Fund (RAF) levies, to be implemented into the price structures of petrol, diesel and illuminating paraffin (IP),” Radebe said.
Radebe said the fuel price was going up because of:
- The rand depreciating against the US dollar ($) from R13.80/$ to R14.36/$;
- The Brent Crude oil price increasing from $64.04 to $66.01 a barrel;
- The fuel and Road Accident Fund levies rising; and
- An increase in transport costs, including an average annual increase of 10.96% in road transport tariffs and 10.95% in pipeline transport costs announced by the National Energy Regulator of South Africa (NERSA) on March 16.
BY: NICO GOUS
SOURCE: TMG DIGITAL