Guiding consumers since 2009

Fuel prices set to increase tomorrow

By Staff Writer
Consumers can expect an increase in most fuel prices from tomorrow. The Department of Energy announced on Friday that fuel prices will be adjusted on Wednesday 7 October. All fuels except for unleaded petrol 93 will be increasing.
 
“The pump price of petrol 93 Octane will decrease slightly whilst that of petrol 95 Octane will increase by less than 5 cents per litre. The whole sale price of both grades of diesel, the Maximum Retail Price of Liquefied Petroleum Gas (LPG) and the prices of Illuminating Paraffin will increase with effect from 07 October 2015,” said the department in a statement.
 
“The main reasons for this fuel price adjustment is the weakening of the Rand against the US Dollar which had a negative impact on the fuel prices of about 30 cents per litre and slight increase in the price of crude oil, (on average), in September compared to August,” explained the department.
 
The price adjustments
 
The fuel price adjustments are as follow:
  • Petrol 93 Octane is decreasing by two cents per litre.
  • Petrol 95 Octane is increasing by four cents per litre.
  • Diesel 0.05% Sulphur will increase by 53 cents per litre.
  • Diesel 0.005% Sulphur will increase by 51 cents per litre.
  • Illuminating paraffin (SMNRP) is increasing by 67 cents per litre.
  • Illuminating paraffin (wholesale) is increasing by 50 cents per litre.
  • LPG will increase by 11 cents per kilogram.
 
The new fuel prices as of Wednesday will be:
Petrol Inland Coast
Unleaded LRP Unleaded LRP
93 95 93 93 95 95
7 October 2015 R12.30 R12.61 R12.30 R12.04 R12.18 R12.18
2 September 2015 R12.32 R12.57 R12.32 R12.06 R12.14 R12.14
Source: Automobile Association
 
Diesel Inland Coast
0.05% 0.01% 0.05% 0.01%
7 October 2015 R10.94 R11.00 R10.61 R10.68
2 September 2015 R10.40 R10.49 R10.08 R10.19
Source: Automobile Association

Recent Articles

Featured The newbies quick guide to tax season

Starting in September, the South African Revenue Service (SARS) kicks off tax season. But not everyone has experience in doing this. Every year, new employees and contractors enter the job market. So, what do these tax newbies need to know?

What’s the deal with underwriting?

When you apply for a long-term insurance policy, a financial adviser will ask some personal questions about your lifestyle, family history, health, and even ask you to take some medical tests. This process is called underwriting, but is it really necessary?

 

How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Deals

50% discount on kids’ clothes at Keedo

Price: Available on request
When: Daily
Where: Nationwide

KFC Crunch Sliders for R29.90

Price: R29.90
When: Daily
Where: Nationwide

Bakwena Spa Women’s Day Special

Price: From R699
When: 8-10 August 2020
Where: Western Cape and Gauteng


Latest Guide

Guide to debt rehabilitation solutions