Petrol price to increase by 29 cents

2014-06-27 17:52

The price of petrol will increase by 29c a litre on Wednesday, the department of energy has said.

The increase was due to changes in crude oil prices, the rand-dollar exchange rate and the prices of finished products, said spokesperson Johannes Mokobane today.

He said the rand depreciated from $10.40 to $10.68 during the period under review.

“Furthermore, the crude oil price increased on average during the period under review and climbed to the highest level since September last year.”

The price of crude oil peaked at more than $115 (R1 221) a barrel on June 19.

Mokobane said the 29c a litre increase was for 93 unleaded and lead replacement petrol. There would be a 31c a litre increase for 95 ULP and LRP.

The diesel price would go up 14c a litre, the cost of paraffin would increase by 31c a litre and LPG would go up by 58cents a kilogram.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.