Petrol price up, may fall in June

2012-04-26 00:00

ANOTHER increase in the price of fuel was announced yesterday, but there could be some relief for motorists who have been reeling under the impact of monthly hikes since February.

The Department of Energy said the price of petrol would increase by 28 cents a litre next Wednesday.

This follows hikes of 34 cents a litre in February, 28 cents a litre in March and 66 cents a litre earlier this month.

The latest hike will see the price of a litre of 95 unleaded petrol on the coast increase to about R11,87 cents a litre.

The wholesale price of diesel with a 0,05% sulphur content will rise by 9,4 cents a litre.

Diesel with a 0,005% sulphur content will increase by 8,4 cents.

The department said the single maximum national retail price for illuminating paraffin would go up by 12 cents a litre,

Economist Mike Schussler of told The Witness that the price of petrol was expected to drop over the next two months.

He said this was due to Northern Hemisphere countries entering the summer months.

This is traditionally a time of low energy demand in the North, signalling the possibility of lower prices.

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.