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Petrol going up by five cents in September, diesel and paraffin unchanged

04.09.2018

The Department of Energy has announced a smaller than expected increase in the price of fuel for September, following its intervention after a series of extensive hikes.

In a statement on Monday evening (September third), the Department stated that the price of petrol will go up by five cents a litre on Wednesday (September fifth), with diesel and illuminating paraffin remaining unchanged at their respective current rates.

“South Africa has witnessed sustained increases in fuel prices for the past few months, which placed a strain on the consumers. Despite the fact that these increases were caused mainly by international factors, the department has decided to intervene temporarily for this month. This is a once off temporary intervention to provide some relief to motorists and consumers against fuel price hikes,” the statement read.

A weak Rand despite stable international oil prices have been blamed for the recent round of increases, which was predicted to rise by up to 25 cents a litre for diesel, 28 cents for diesel and 17 cents for illuminating paraffin following a report by the Automobile Association (AA) last week.

Article written by Autodealer
04.09.2018
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