Petrol price to go up on Wednesday
Fuel price changes for the month of May were announced by the Department of Energy and as from Wednesday (04 May 2016) motorists will pay an extra 12 cents per litre for petrol.
This is due to a 42-cents-a-litre increase in the landed price of petrol and according to the Automobile Association (AA) a steady appreciation in international petroleum prices during April had brushed aside gains in the Rand/US dollar exchange rate.
In a statement the Department of Energy said that international factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.
Further monthly increases in the price of petrol are expected going forward.