Fuel costs to burn bigger hole in consumers’ pockets in March
Fuel prices will continue to burn a hole in consumers’ pockets, with the Department of Mineral Resources and Energy confirming a price hike for March.
The department’s Robert Maake says diesel users can expect hikes of up to R1.18 per litre.
The price of both grades of petrol will increase by R1,21 cents per litre, while the diesel price will be hiked by between R1,06 and R1,19 per litre.
Illuminating Paraffin will increase by 85 cents at the retail level, and LP gas will increase by 41 cents per kilogram.
Maake says there are various reasons for the increases.
"The average international product prices of petrol, diesel and illuminating paraffin increased in line with the higher crude oil prices. LPG prices increased due to higher freight costs and weaker rand. These factors led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 102.82 c/l, 102.76 c/l and 47.42 c/l, respectively."
"Transnet Pipelines has decommissioned the Kroonstad pipeline on the 31st of December 2023. This has affected the four Magisterial District Zones, which are 8C, 9C, 10C and 11C. In line with the Ministerial approval, the transport tariff adjustments that apply to petrol and diesel price structures will range from a decrease of 5.7 c/l (8C) to an increase of 0.9 c/l (10C).”
The adjusted prices will kick in on Wednesday.
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