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Petrol to increase by 17 cents per litre

The price of all grades of petrol will increase by 17 cents per litre at midnight on Wednesday, 3 June 2009, the Department of Minerals and Energy has announced.

1 Jun 2009

This is a revised increment, from the initial 16 cents announced on Friday.

Last month the petrol price decreased by 3 cents per litre.

The wholesale price of Diesel, 0.05% sulphur, will decrease by 11.5 cents per litre while the wholesale price of Diesel, 00.05% sulphur, will decrease by 12.5 cents per litre, said the department.

The price illuminating Paraffin will decrease by 9 cents a litre and illuminating paraffin at the Single Maximum National Retail price will decrease by 12 cents a litre.

During the period under review, between 30 April and 29 May, the international price of Petrol, Diesel and Illuminating Paraffin increased and the average Rand to the US Dollar exchange rate strengthened when compared to the previous period.

Article published courtesy of BuaNews