Fuel Prices Soar: South Africans Feel the Pinch

Fuel price increases are back again, impacting the prices of petrol, diesel, paraffin, and gas. The new prices came into effect at midnight, leaving people rushing to fill their tanks before the steep increases.

Inland petrol pumps will now charge over R25 per litre for petrol. That means filling a typical 45-litre tank will cost more than R1,125. A 60-litre tank will set you back over R1,500. In 2013, petrol cost around R13 per litre. Back then, filling a smaller car would have cost approximately R585.

Gwede Mantashe explained that petrol prices would rise between R1.08 and R1.14 per litre. In contrast, diesel prices would rise roughly R1.93 to R1.96 per litre. Wholesale illuminating paraffin would increase by R1.51 per litre, with the maximum retail price increasing by R2.02.

Additionally, LP gas would surge by R2.50 per kilogram.

Also read: Fuel, Paraffin, and Gas Prices on the Rise in September

Minister Mantashe attributed these price hikes to several factors, including increased crude oil costs, rising international petroleum product prices, higher shipping expenses, and the rand’s depreciation against the dollar.

Here are the new fuel costs:

Inland:

• 93 unleaded: R25.22/l
• 95 unleaded: R25.68/l
• Diesel 0.05%: R25.02/l
• Diesel 0.005%: R25.22/l

Coast:

• 95 unleaded: R24.96/l
• Diesel 0.05%: R24.30/l
• Diesel 0.005%: R24.52/l

Source: Going up… Petrol, diesel, paraffin and gas to cost more from tomorrow

Also read:

South African Fuel Prices Expected to Rise in October

Picture: Unsplash / Krzysztof Hepner

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