Steep fuel prices announced for this week

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The Department of Mineral Resources and Energy announced fuel price hikes across the board.
The Department of Mineral Resources and Energy announced fuel price hikes across the board.

The petrol price will increase by 91 cents per litre (c/l) in August, the Department of Mineral Resources and Energy (DMRE) said.

The DMRE on Saturday issued a statement indicating steep fuel hikes next month - among the main drivers include an increase in the Brent crude oil price from $73 per barrel to $74 per barrel, as well as an increase in international petroleum product prices, depreciation of the rand exchange rate and the implementation of a slate levy of 6.58c/l. The slate levy is a mechanism implemented to finance under recovery by the South African petroleum industry. 

The changes are:

Petrol (both grades): 91c/l increase.

Diesel (0.05% sulphur): 55.58 c/l increase

Diesel (0.005% sulphur): 54.58 c/l increase

Illuminating Paraffin: 50.00 c/l increase

Single Maximum National Retail Price for LP Gas: 67.00 c/l increase

Maximum LPGas Retail Price: 226.00 c/kg increase.

The Automobile Association had previously warned of a big jump in fuel prices due to an increase in import prices. It projected petrol would increase 83 c/l.

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