Petrol and diesel price will increase

By Drum Digital
01 December 2013

A few weeks before the start of the holiday the energy department says the price of petrol and diesel will increase.

The department said in a statement that the price hike would take effect from midnight on Tuesday.

The price of both grades of petrol would increase by 17c a litre and diesel by 10.12c/l.

"The fuel price changes include the annual margins adjustment, changes in the Basic Fuel Price and the decrease in the slate levy," it said.

The annual adjustment to the petrol margins had increased and this had affected the petrol price, the department said.

"The decrease in prices of the international petroleum products was not substantial enough to offset the effect of the volatile exchange rate on the fuel price," it said.

The wholesale price of illuminating paraffin would increase by 16.50c/l.

The single maximum national retail price would increase by 22c/l for illuminating paraffin.

The maximum retail price for LP Gas would increase by 18c/kg.

- Fin24

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