The department of energy has released the latest petrol price adjustments for November 2017, showing a marginal increase for petrol, with a slightly bigger jump for diesel. According to the department, 93 and 95 grades of petrol will be going up by 4 cents per litre, while the wholesale price of 0.05% and 0.005% diesel will be going up by 23 and 27 cents, respectively. The wholesale price of illuminating paraffin will go up by 21 cents, it said.
The price hikes are due to the international prices of diesel increasing, while the weakness in the rand versus the dollar offset the decrease in international petrol prices. The rand depreciated against the US dollar during the period under review, on average, when compared to the previous period. The average rand/US dollar exchange rate for the period 29 September 2017 to 26 October 2017 was 13.6210 compared to 13.1317 during the previous period. This led to a higher contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 22.12c/l, 22.19c/l and 22.07c/l respectively, the department said.
Here’s are the official prices for November (inland prices) which will kick in on Wednesday, 1 November 2017:
|Fuel Type||October 2017||November 2017|
|93 Petrol||R 13.74||R 13.78|
|95 Petrol||R 14.01||R 14.05|
|0.05% Diesel||R 12.13||R 12.36|