The Department of Mineral Resources and Energy (DMRE) announced that the price of both grades of petrol 93 and 95 octane will increase by 51 cents per litre from Wednesday 2 November.
The prices of diesel will increase by R1.43 per litre, which means that it will cost R25.49 a litre in Gauteng. This is a new high for the price of diesel in South Africa.
Meanwhile, illuminating paraffin will now cost R1.03 more per litre while the price of LP gas decreases by R0.98 cents per kilogramme.
Reason for increases
The department’s spokesperson Robert Maake said there are several international and local factors that contributed to the increase.
“The reason for this fuel price adjustment are the high oil prices and the weaker rand versus the US dollar which led to high prices of petrol, diesel and illuminating paraffin.”
Slate levy
“The slate levy also decreased by R0.14 cents per litre in both price structures of both petrol and diesel,” Maake said.
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