Gauteng fuel price to increase one cent in August


JOHANNESBURG, July 30 – Fuel price for petrol, both 95 and 93, in Gauteng is expected to increase by one cent a litre in August, while diesel expected to decrease by four cents a litre, the energy department said on Monday.

The department further said the wholesale price of illuminating paraffin will increase by four cents a litre while the single maximum national retail price of illuminating paraffin will see a five cents a litre increase, and the maximum retail price of LP Gas will increase by 17 cents per kilogram.

“The average international product prices of petrol and diesel and illuminating paraffin decreased during the period under review. The Rand depreciated against the US dollar during the period under review, on average, when compared to the previous period,” the department said.

“The average Rand/US Dollar exchange rate for the period 29 June 2018 to 26 July 2018 was 13.4713 compared to 13.2871 during the previous period. This led to a higher contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 10.23 c/l, 10.44 c/l and 10.62 c/l respectively.”

The department said that the fuel prices would be effected on August 1.

– African News Agency (ANA)