Commuters are set for another fuel price increase today, the Department of Energy (DoE) announced over the weekend. Unleaded petrol prices are to increase by between eight and 11 cents, and diesel between 41 and 42 cents. The price of illuminating paraffin and LPGas are also set to increase.
The DoE explained the reason for the fuel hike. “The main reasons for the fuel price adjustments in July 2016 are (a) the strengthening of the Rand against the US Dollar during the period under review which cushioned the fuel prices by over 17.00c/l, (b) the slight increase on average in the prices of petroleum products in the international markets, and (c) an increase in the prices crude oil, on average, during the period under review mainly due supply disruptions in Canada, Venezuela, Libya, Nigeria and Iraq.
The price increases are as follows:
- Petrol (93 ULP and LRP) will increase by 11 cents per litre (c/l)
- Petrol (95 ULP and LRP) will rise by 8 c/l
- Diesel (0.05% Sulphur) will be hiked by 42 c/l
- Diesel (0.005% Sulphur) will increase by 41 c/l
- Wholesale price for Illuminating Paraffin will increase by 43 c/l
- SMNRP for Illuminating Paraffin will rise by 57 c/l
- Maximum Retail Price for LPGas will increase by 12.00 cent per kilogram
“In other fuel pricing zones, the prices will be different due to the adjustment to the transportation costs,” added the DoE.
The new prices as of 6 July are: