Slight increase in petrol price, drop in diesel
Motorists can expect to see the slightest of increases in the price of fuel in September.
The Department of Energy and Mineral Resources confirmed that on Tuesday both grades of petrol will go up by 1 cent per litre, while diesel will decrease by 21 cents a litre.
Illuminating paraffin will decrease by 26 cents a litre.
The department's spokesperson Robert Maake says factors for the adjustment includes the weakening rand against the US dollar.
“The main reasons for the fuel price adjustments are due to the contribution of the Rand/US Dollar exchange rate, the increase in the prices crude oil.
“The minister has approved an increase of 5.3 cents per litre in the retail margin of all grades of petrol to accommodate the annual wages increases of the forecourt staff in line with the MIBCO Agreement that was signed on the 13th of December 2019.”
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