Another petrol price hike for South Africans

The retail price of all grades of petrol will increase by nine cents a litre on Wednesday, the Department of Energy said on Friday.

The price of diesel with a 0.05 percent sulphur content and the price of diesel with a 0.005 percent sulphur content will both remain unchanged.


The wholesale price of illuminating paraffin will drop by two cents a litre.


The single maximum national retail price for illuminating paraffin will decrease by three cents a litre.


During the period 29 July 2011 to 1 September 2011, the average international product prices of petrol, diesel and illuminating paraffin decreased, the Department added.


The average Rand/US Dollar exchange rate, however, weakened when compared to the previous period.


"The average Rand/US Dollar exchange rate for the period 29 July 2011 to 2 September 2011 was 7.0590 compared to 6.8353 during the previous period.


"The deterioration of the rand against the US dollar increased the contribution to the basic fuel price by about 20 cents a litre," the Department said.


Sapa
Source -http://southafrica.info
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