Huge #PetrolPrice hike in June
Reasons include the weakening of the Rand against the US Dollar, according to the Department of Energy.
You will be paying around 52c per litre of petrol and 76c per litre of diesel more in June than you have in May.
This damning news was announced by the Department of Energy this morning and the decision was mainly influenced by the weakening of the Rand against the US Dollar during the period under review, it said in a press statement.
Other reasons include the average increase in the prices of petroleum products in the international markets, around 30c per litre of petrol and 56c per litre diesel.
“The differential between petrol and diesel can be attributed to the supply/ demand patterns in the international markets,” the department said.
“Analysts expect diesel markets to be tight in the next few months.
“The department urges motorists and the general public to use their petroleum products efficiently during these tough economic times.”
Fuel prices will be adjusted as follows:
• Diesel (both grades) increasing by 76c per litre.
• Petrol 95 and 93 Octane (both ULP and LRP) increasing by 52c per litre.
• Illuminating paraffin (SMNRP) increasing by 83 per litre.
• Liquefied Petroleum Gas (LPG) increasing by 98c per kilogram.
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