There will be relief for some consumers from tomorrow when the price of all grades of diesel and illuminating paraffin decrease.
\nPetrol and LP Gas consumers, however, will have to dig deeper into their pockets as prices of the two are expected to increase.
\nThe new prices, as announced by the Department of Mineral Resources and Energy (DMRE), are as follows:
\n\u2022\tAll grades of petrol will increase by at least 59c
\n\u2022\tDiesel 0.05% sulphur will decrease by some R1.57
\n\u2022\tDiesel 0.005% will decrease by R1.52
\n\u2022\tWholesale illuminating paraffin decreases by 57c
\n\u2022\tThe Single Maximum National Retail Price for illuminating paraffin will go down by 57c
\n\u2022\tMaximum LP Gas Retail Price will increase by 95c
\nThe department explained the factors behind the increase in petrol prices.
\n\u201cPetrol prices increased due to higher demand by motorists travelling for the thanksgiving season in the US amid limited supply emanating from the Russia Ukraine conflict. Increased demand resulted in a decrease of gasoline inventories and higher prices.
\n\u201cRefiners are producing more middle distillates, such as diesel, illuminating paraffin and gas to meet extra winter demand in the Northern Hemisphere and consequently producing less petrol.
\n\u201cThese factors led to higher contributions to the Basic Fuel Price of petrol by 64.87 cents per litre and lower contributions to diesel and illuminating paraffin by 122.47 c\/l and 9.09 c\/l, respectively,\u201d the department said.
\nHigher gas prices has been driven by the increase in propane and butane prices. <\/p>\n
Source: South African Government News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"