Massive petrol, diesel price hikes kick in
It will cost you quite a few rands more to fill up your tank from Wednesday after the fuel price adjustments for September kicked in at midnight.
Both grades of petrol increased by R1.71 per litre, while diesel increased by R2.76 (0.05% sulphur) and R2.84 (0.005% sulphur) per litre.
The price of illuminating paraffin is R2.78c higher at a wholesale level and R3.70c per litre at retail level.
LP Gas increased by R2.26 per kilogram.
The department’s spokesperson Robert Maake said the price increases were due to higher international oil prices and a weaker rand.
"The average Brent Crude oil price increased from 79.75 US dollars to 84.78 during the period under review because of tightening supply resulting from production cuts by Saudi Arabia.
"High prices of petrol are as a result of low inventories and refinery outages, which affected the production of blending components used in summer grade petrol, making it more expensive to produce."
"Diesel and paraffin prices increased because of lower shipments of Russia’s Urals crude oil which is rich in middle distillates, as well as rising demand of middle distillates ahead of the winter season in the Northern Hemisphere. LP Gas increased because of higher prices of Propane and Butane."
Maake said the minister has also approved the salary increase of the forecourt staff, 4% for attendants and 6% for admin staff in line with the Motor Industry Bargaining Council Agreement.
"The minister has approved a 5.0 c/l increase in the price structures of petrol to accommodate the wage increase for forecourt employees in line with the Motor Industry Bargaining Council agreement. This increase will be implemented from the 6th of September 2023,” he added.
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