Impact of fuel price hikes to see consumers paying more for goods ...

1 Aug 2023

The Department of Mineral Resources and Energy announced that the price increases for petrol and diesel are due to local and international factors.

Petrol price - Figure 1
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Fuel pumps at a service station. Picture:: CapeTalk

JOHANNESBURG - South African consumers can expect to pay more for some goods and services as fuel prices are expected to increase from Wednesday.

The Department of Mineral Resources and Energy announced that the price increases for petrol and diesel are due to local and international factors.

Both grades of petrol will be hiked by 37 cents per litre - while the price of diesel will increase by between 71 and 72 cents per litre.

Paraffin will also see a price hike of 71 cents per litre.

READ: Volatile rand remains a threat to lower petrol prices, says economist

"The reasons for these adjustments are as follows; the higher oil prices lead to higher prices of all petroleum products during the period under review. The rand appreciated against the dollar and cushioned the prices - LP gas is decreasing by R1.69 per kilogram due to lower prices of propane and butane," said the department's Robert Maake.

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