South Africa’s petrol price breaks through R17 per litre

You’re about to pay a lot more for fuel, South Africa.

From midnight on Tuesday, 93 ULP and 95 LRP will see price increases of 99 cents per litre and R1 per litre, respectively.

That means that at the coast, prepare to pay R16.49 for a litre of go-juice. For inland provinces, you’ll have to fork out R17.08 per litre.

The reason for the increase is twofold, suggests South Africa’s Department of Energy.

“The average international product prices of petrol, diesel and illuminating paraffin increased during the period under review,” it expressed in a release.

It also blamed the weakening rand, which lost more than 80 cents of its value to the US Dollar since the end of August.

“This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 48.72 [cents/litre], 51.03 c/l and 50.62 c/l respectively,” it added.

And yes, diesel is also set to increase by some R1.24 per litre, while illuminating paraffin with jump by R1.04 per litre.

Feature image: andreas160578 via Pixabay (CC0)