Petrol: yet another hike tomorrow

2011-02-01 00:00

MOTORISTS will be hit by yet another petrol price increase tomorrow — representing the fifth successive monthly hike.

The Department of Energy announced on Friday that the petrol price will rise by 26 cents a litre, while the wholesale price of diesel will increase by between 30 and 32 cents a litre — the fourth successive diesel price hike.

The price of 95 unleaded petrol will now rise to about R8,75 a litre — although this is dependent on the location of the filling station. The relative strength of the rand has not prevented a sizeable hike, due in large part to the rise in global oil prices to almost R670 per barrel.

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