Fuel prices will rocket further from December 1, with the price of 95 unleaded set to hit a record R20.35/l in Gauteng and other inland provinces, while both 93 unleaded and LRP will cost R20.13/l.
This comes as the Department of Mineral Resources and Energy (DMRE) announced on Monday that all grades of petrol will increase by 81 cents per litre nationwide from Wednesday.
The continued surge in SA fuel prices comes largely on the back of a weakening rand and higher international crude oil prices. In November, the petrol price was hiked by R1.21 a litre.
According to the department, the following price changes will take effect on Wednesday, 1 December:
- Petrol 95: increase of 81 cents per litre;
- Petrol 93: increase of 81 cents per litre;
- Diesel 0.05%: increase of 73 cents per litre;
- Diesel 0.005%: increase of 75 cents per litre;
- Illuminating Paraffin: increase of 42 cents per litre.
With the December hike, it means that the petrol price has shot up by over 10% for the last two months of the year and by over R5-a-litre or around 35% since the beginning of the year.
The DMRE confirmed that diesel 0.05% and 0.005% sulphur will increase by 72.5 cents per litre and 74.5 cents per litre, respectively.
This will mean that diesel 0.05% will cost around R17.91/l and diesel 0.005% sulphur R17.97/l inland, while in the coastal provinces it will cost around R17.30/l and R17.37/l, respectively.
Coastal petrol prices
With the price of all grades of petrol set to increase by 81 cents-a-litre in December, the price for 95 unleaded in coastal provinces is set to hit R19.63/l. The coastal price for 93 unleaded and LRP will hit R19.61/l.
Meanwhile, the price of illuminating paraffin (wholesale) will increase by 42 cents per litre and the maximum LPGas retail price will surge by a whopping R1.83 a kilogram.
This is how the prices will reflect at the pumps.