Another hefty fuel price hike confirmed for October
South African motorists and consumers will once again be left counting the costs in October.
The Department of Minerals and Energy confirmed the latest fuel price adjustments on Tuesday.
The price of petrol is expected to increase by R1.08c and R1.14c per/litre, while the price of diesel will increase by between R1.96 c per litre and R1.93 c per litre.
The price of illuminating paraffin will go up by between R1.51c per litre and R2.2c per litre.
The price of LP gas will go up by R2.50c per kg.
The new prices will be effective from Wednesday.
Department of Energy spokesperson Robert Maake said the reasons for the increases include the higher oil price, which led to higher prices of petroleum products.
"There is a shortage of diesel in the market globally. The rand weakened against the dollar and contributed around 22c to 26c per litre. A slate levy of around 30,7c per litre is implemented on the price structures of petrol and diesel in line with the self-adjusting slate mechanism rules.
“The LP gas is increasing mainly due to higher prices of propane and butane, as well as higher freight rate during the period under review," said Maake.
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