Consumers will have to dig deeper into their pockets, with Energy Minister Jeff Radebe announcing that fuel prices will increase on Wednesday.
The fuel prices for April 2019 will be adjusted as follows:
- Petrol (93 Octane, ULP and LRP): 134.00 cents per litre (c/l) increase
- Petrol (95 Octane, ULP and LRP): 131.00 c/l increase
- Diesel (0.05% sulphur): 81.70 c/l increase
- Diesel (0.005% sulphur): 82.70 c/l increase
- Illuminating Paraffin (wholesale): 63.00 c/l increase
- SMNRP for IP: 65.00 c/l increase
- Maximum LPGas Retail Price: 171.00 c/kg increase
Motorists will now be paying more than R15 per litre of petrol.
In a statement issued on Saturday, the Department of Energy said the price adjustment was based on current local and international factors.
“South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs,” the department said.
The increase comes in the same month that road, pipelines and fuel tariffs are revised, and Road Accident Fund (RAF) levy increases are to be implemented, affecting the price structures of petrol, diesel and illuminating paraffin (IP).
“Their total contributions to the fuel price increase is about 26.00c/l in Gauteng, whilst the international factors amounted to about 106.00c/l on petrol and 56.00c/l on diesel and IP,” the Energy Department said.
The department attributed the fuel price adjustments to the depreciating Rand/US Dollar exchange, from 13.80 to 14.36 Rand per USD.
This increased the contribution on the Basic Fuel