Petrol set to increase in September
Updated | By Nondumiso Dube
The Department of Mineral Resources and Energy has confirmed the fuel price adjustments that will kick in at midnight.
Diesel will be cheaper by 15 cents a litre - and so will illuminating paraffin.
But the price of both grades of petrol 93 and 95 will go up by four cents litre.
The department's spokesperson Natie Shabangu says the new price adjustments are as a result of several factors.
READ: Leaded petrol runs out of gas, century after first warnings: UN
"The movement in international refined petroleum product prices followed the decreasing trend in crude oil prices.
"This led to lower contributions to the Basic Fuel Price of petrol by 24.18 c/l, diesel by 36.48 c/l and 36.11 c/l and illuminating paraffin by 27.68 c/l."
"The Rand depreciated, on average, against the US Dollar (from 14.54 to 14.77 Rand per USD) during the period under review when compared to the previous one.
"This led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 13.23 c/l, 12.16 c/l and 11.96 c/l, respectively. "
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