The Department of Energy has announced that the petrol price will be increasing as of 4 May. This is despite a strengthening Rand against the US Dollar in recent weeks. However, diesel users are in for some relief as the price drops between one and two cents per litre.
“The prices of petrol increased more significantly than the prices of diesel due to higher demand for petrol in USA and Europe as they move towards their summer season,” explained the Department.
The increases are as follows:
- Diesel (0.05% sulphur) will decrease by one cent per litre
- Diesel (0.005% sulphur) will decrease by two cents a litre
- Petrol 95 and 93 octane (both ULP & LRP) will increase by 12 cents per litre
- Illuminating paraffin (SMNRP) will decrease by nine cents per litre
- Liquefied Petroleum Gas (LPG) will decrease by five cents per kilogram
The approximate new prices as of 4 May are:
Source: The Automobile Association of South Africa and the Department of Energy