31 January 2016

South Africa: Petrol Price to Go Up By Six Cents

Photo: Lothar Wandtner/Pixabay
The Automobile Association has said it was only oil's ongoing lower price that protected South African motorists against the rand rout (file photo).

Pretoria — The price of petrol will on Wednesday increase by six cents a litre, the Department of Energy has said.

The prices of diesel and paraffin will decrease by 62 cents and 63 cents. The price of illuminating paraffin will also decrease by 59 cents.

The department explained that the main reason for the decrease in diesel and paraffin prices is the oversupply of middle distillates such as diesel and illuminating paraffin in the global market.

"This is mainly due to the fact that the Northern Hemisphere experienced mild winter season compared to previous periods. China contributed to the situation by exporting diesel into the market.

"On the other hand, the increase in the petrol price is mainly due to tightness in the market because some major refineries in the USA were on unplanned shutdown. The weakening of rand against the US Dollar contributed massively to the current fuel price adjustment," the department said.

More on This

Fuel Price Adjustment for 3 February 2016

The Department of Energy herewith informs the public about the fuel prices for February 2016. South Africa's fuel prices… Read more »

Copyright © 2016 SAnews.gov.za. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 1,200 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.