Petrol price hike: 84 cents per litre

The price of unleaded 95 petrol will increase by 84 cents a litre on July 3, the energy department said on Friday.

June 28, 2013
Petrol nozzle in hand

The price of unleaded 95 petrol will increase by 84 cents a litre on July 3, the energy department said on Friday.

The price of unleaded 93 petrol would increase by 84 cents a litre, and that of diesel with 0.05 percent sulphur by 78.2 cents a litre.

Diesel containing 0.005 percent sulphur would increase by 78.2 cents a litre.

The maximum retail price for liquid petroleum gas would go up 129 cents a kilogram.

The affect of the crude oil price on the basic fuel price had been minimal, because the Brent crude oil price increased on average by US1 (about R10) a barrel during the current fuel price review period (May 31 to June 27), the department said.

However, the rand had sharply weakened against the US dollar, contributing to an increase in the basic fuel price of at least 57 cents a litre.

“The weaker rand is mainly attributed to the slowdown in the economic growth in emerging markets and the expected slump in the demand of commodities,” the department said.

The rand’s vulnerability was also due to negative sentiment, emanating from anticipated labour disputes and strikes.

More tech news

Sony Xperia C dual-SIM 5-inch smartphone for R3000

SA Supercomputer Champs: how they did it

Apple asked for help in Pistorius murder case

Highest tech CEO salaries in SA

Tags: petrol price, quicknews

Anonymous News Tip
Free Email Newsletter:
Subscribe
X

Anonymous News Tip






Captcha image
Not readable? Change text.

sending

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Are you using public WiFi hotspots to connect to the Internet in places like airports, restaurants or shopping malls?

View Results

Loading ... Loading ...

More News

IT jobs in SA: good and bad news

Business people globe world silhouette

The latest CareerJunction Index shows that there is a strong demand for skilled IT professionals in South Africa

Microsoft sells 5 million Xbox Ones

xbox one on display

Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in November, the company said on Thursday.

Investors try to save Mt.Gox

Bitcoin symbol

A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.

Top tech deals this Easter

Sale

Many local retailers are offering technology products at reduced prices over the Easter period

bool(true)