Fuel price increase confirmed for February
Motorists will have to reach a bit deeper into their pockets when paying for fuel in February.
The Department of Minerals and Energy announced on Tuesday that the price of all grades of petrol will increase by 75 cents per litre, while diesel rise by 70 and 73 cents per litre.
The adjusted prices will kick in on Wednesday.
The price of paraffin will also increase by 71 cents, and LP gas will increase by 37 cents per kilogram.
A spokesperson for the department, Robert Maake, said higher oil prices and lower production in the United States are mostly to blame.
“The rand weakened against the dollar during the same period. In line with the provision of the self-adjusting slate levy mechanism rules, the slate levy on petrol and diesel will remain at 0c per litre with effect from the 7th February 2024”.
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