Petrol price to increase by 11 cents per litre

The retail price of petrol will increase by 11 cents per litre from August 7, the Central Energy Fund (CEF) said in a statement.

Both grades of petrol, namely 93 and 95, or ULP and LRP, will increase by the same amount, while diesel 0.05% Sulphur will decrease by 13.29 cents and diesel 0.005% Sulphur will drop by 14.29 cents per litre.

The Central Energy Fund said the economic factors which contributed to the price adjustments included the rand/dollar exchange rate for the period from 28 June 2019 to 01 August 2019, which was 14.0709 compared to 14.6227 during the previous period. 

"This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 27.59c/l,28.56c/l and 28.89c/l respectively."

The wholesale price for illuminating paraffin will decrease by 2 cents.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
18.09
-0.8%
Rand - Pound
20.21
-0.0%
Rand - Euro
17.74
-0.0%
Rand - Aus dollar
11.59
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,660.90
0.0%
Silver
19.03
0.0%
Palladium
2,166.50
0.0%
Platinum
864.50
0.0%
Brent Crude
85.14
-2.4%
Top 40
57,390
+0.8%
All Share
63,726
+0.7%
Resource 10
60,230
+0.7%
Industrial 25
77,400
+0.8%
Financial 15
13,796
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders