Business and Technology

Fuel price increase: This one’s going to hurt

The price of petrol will increase by 26 cents a litre on Wednesday.

This will take the fuel price to the R16 mark.

Minister of Energy Jeff Radebe on Sunday announced that the petrol price would rise by 26c on Wednesday.

Petrol was already at an all-time high after June’s increase of 82 cents a litre and another fuel price hike is expected to hit already-reeling consumers hard.

Fuel price

The fuel prices for July 2018 will be adjusted as follows:

 Petrol (93 Octane, ULP and LRP): 26.00 c/l increase;
 Petrol (95 Octane, ULP and LRP): 23.00 c/l increase;
 Diesel (0.05% sulphur): 26.00 c/l increase;
 Diesel (0.005% sulphur): 24.00 c/l increase;
 Illuminating Paraffin (wholesale): 22.00 c/l increase;
 SMNRP for IP: 30.00 c/l increase;
 Maximum LPGas Retail Price: 37.00 c/kg increase.

Source:eNCA

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