Massive fuel price hikes confirmed for September

Both grades of petrol will increase by R1.71 per litre from Wednesday.

Diesel will increase by R2.76 (0.05% sulphur) and R2.84 (0.005% sulphur) per litre.

The price of illuminating paraffin will increase by R3.70 per litre at retail level.

LP Gas will increase by R2.26 per kilogram.

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The department’s spokesperson Robert Maake says the price increases are due to higher international oil prices and a weaker rand.

"The average Brent Crude oil price increased from 79.75 US dollars to 84.78 during the period under review because of tightening supply resulting from production cuts by Saudi Arabia.

"High prices of petrol are as a result of low inventories and refinery outages, which affected the production of blending components used in summer grade petrol, making it more expensive to produce."

"Diesel and paraffin prices increased because of lower shipments of Russia’s Urals crude oil which is rich in middle distillates, as well as rising demand of middle distillates ahead of the winter season in the Northern Hemisphere. LPGas increased because of higher prices of Propane and Butane."

Maake says the minister has also approved the salary increase of the forecourt staff, 4% for attendants and 6% for admin staff in line with the Motor Industry Bargaining Council Agreement. 

"The minister has approved a 5.0 c/l increase in the price structures of petrol to accommodate the wage increase for forecourt employees in line with the Motor Industry Bargaining Council agreement. This increase will be implemented from the 6th of September 2023,” he added.