Skip to main content

Petrol price hike on Wednesday, but some diesel prices will be lowered

| Economic factors

By: News24


Petrol will be hiked on Wednesday (03/04/2024), while wholesale diesel prices are mixed.  

While the rand strengthened against the dollar over the past month, the average Brent oil price increased from $82.50 per barrel to $84.22. The main contributing factors were continued OPEC+ production cuts and Ukrainian attacks on Russian refineries, which could pose a supply risk, the department of mineral resources and energy said in a statement.

Unleaded petrol (95) will be increased by 67c a litre, while the wholesale price of diesel, depending on the grades, will see small cuts of between 4c and 9c per litre on the coast. In Gauteng, diesel with a 0.05% sulphur content will be hiked by just over 3c per litre. Gauteng diesel (0.005% sulphur) will be cut by almost 2c a litre.

The price of illuminating paraffin will fall by 29c a litre, while the maximum retail price of LP Gas will drop by 19c/kg.

The carbon fuel levy increased by 1c a litre for both petrol and diesel from next week, which brings the fuel levy on petrol and diesel to R3.96 and R3.84 a litre, respectively. Annual adjustments to road transport tariffs for petrol, diesel and paraffin will also take effect, up to a maximum of 14.8c depending on the area.

From Wednesday, 95 petrol will cost R25.12 a litre in Gauteng and R24.33 in coastal areas. This is the highest level since October last year. The wholesale cost of diesel will reach R22.45 a litre in Gauteng and R21.55 on the coast, also the highest level since October.

Pin It

Related Articles

SPAR shares tips on how to lighten the financia...

For many, Easter is a time of celebration and tradition, marked by gatherings with loved ones and delicious meals. However, the financial strain brought on by the increased cost of living may require families to adjust their usual celebrations, wh...

Reprieve for consumers at till as prices tick m...

By: Given Majola - IOL Business Consumers got a reprieve at the till this month as the cost of the average household food basket showed a marginal increase.

SA consumers feel the big squeeze: 99% have cha...

According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago.

SA consumers are swapping Easter eggs for house...

By: Dhivana Rajgopaul – IOL Business South African consumers are choosing to prioritise buying household food essentials, instead of spending money on Easter eggs.

SA households could be spending an extra R480 o...

  By: Dhivanah Rajgopaul – IOL Business The average South African household could be spending as much as R480 extra on their monthly electricity bills from April, translating to an additional R5,760 each year on electricity costs.