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South African motorists are in for steep fuel price hikes on Wednesday.
The Minister of Mineral Resources and Energy, Gwede Mantashe, said South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.
He said increases in the price of Brent Crude Oil, international petroleum products, and the Rand/Dollar exchange rate impacted fuel prices in April.
Mantashe said the Minister of Finance, in his Budget Speech, announced that the Fuel and Road Accident Fund Levies on both petrol and diesel will increase by 16 cents and 11 cents, respectively, with effect from 7 April 2021.
Based on current local and international factors, the fuel prices for April 2021 will be adjusted as follows:
* Petrol (both 93 ULP and LRP): ninety five cents per litre (95.00 c/l) increase;
* Petrol (both 95 ULP and LRP): one hundred cents per litre (100.00 c/l) increase;
* Diesel (0.05% sulphur): sixty-five point two zero cents per litre (65.20 c/l) increase;
* Diesel (0.005% sulphur): sixty three point two zero cents per litre (63.20 c/l) increase;
* Illuminating Paraffin (wholesale): thirty four point eight zero cents per litre (34.80 c/l) increase;
* SMNRP for IP: thirty-five cents per litre (35.00 c/l) increase;
* Maximum LP Gas Retail Price: forty eight cents per kilogram 48.00 c/kg) increase;
