Fuel price hike in August
Updated | By Jacaranda FM News
The price of fuel is set to increase in August.
The energy department says both grades of petrol will increase by 19 cents a litre from Wednesday.
Motorists will fork out 30 cents more for a litre of diesel.
Energy department spokesperson Robert Maake says the increase is as a result of the weakening of the rand against the dollar as well as higher crude oil prices.
Read - Rising cost in fuel could influence property investments: expert
"The Rand depreciated slightly, on average, against the US Dollar during the period under review. The prices of petroleum products increased, on average, in the international markets in line with the higher crude oil prices. The Crude oil prices rose, partly on drawdowns of global inventories including in the closely watched US market," Maake explains.
The price of paraffin is set to increase by 35 cents a litre and LP gas by 40 cents per kilogram.
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