“The rand on average has strengthened slightly against the US dollar from R14,3871 to R14,1401 per dollar. The settling of contagion risks from emerging markets provided a foundation for the rand's strengthening trend. This decreased the contribution on the basic fuel price of petrol, diesel and illuminating paraffin by about 13 cents a litre.”
However, the department said, the oil prices rose to the highest level in almost six months as the US government decided to eliminate sanction waivers that allowed buyers to import Iranian crude oil. Based on these and other factors, the department said all grades of petrol will rise by 54 cents a litre. Diesel will increase by just a cent while one with 0.005% sulphur will remain unchanged.
The wholesale price of Illuminating paraffin will increase by 3 cents a litre while the single maximum national retail price for illuminating paraffin will rise by 4 cents a litre. The maximum retail price for liquid petroleum gas will surge by 84 cents per kilogram.“The alternative could be driving in car pools…Leaving earlier for work and returning later to miss traffic. You’ve got to budget to ensure you have enough money for fuel. You will have to cut back on other expenses.