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Petrol price set to rise on Middle East tensions, weaker rand

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By Thebe Mabanga

The price of petrol will rise sharply from Wednesday, with petrol increasing by R3.27 per litre and diesel by R6.19, as conflict in the Middle East and a weaker rand over April push up costs, the Department of Mineral Resources and Energy said.

Illuminating paraffin will climb by R4.22 per litre, while liquefied petroleum gas in Gauteng will increase by R5.07 per kilogram.

The increases come as the government has extended fuel levy relief by another month, with a R3 per litre reduction for petrol while the levy on diesel remains at zero.

Following the adjustment, the price of 95 octane petrol will rise to R26.63 per litre in Gauteng and R25.76 on the coast.

The wholesale price of diesel (0.05% sulphur) will cost R32.09 in Gauteng, while 0.005% sulphur diesel will be R32.30. On the coast, the prices will be R31.22 and R31.54 respectively.

The increases

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