Fuel prices are increasing yet again and will take effect on 2 May 2019.
The Department of Energy has published fuel price adjustments for May 2018. The increases are as follows:
- The price of 95 and 93 ULP/LRP petrol will increase by 49 cents per litre
- The price of diesel (0.05% sulphur) will increase by 59 cents per litre while diesel (0.005% sulphur) will increase by 58 cents per litre.
- The wholesale price of Illuminating Paraffin will increase by 52 cents per litre.
Numerous factors contributed to the increases. The Rand depreciated against the US Dollar during April with the China/USA trade tariff dispute putting emerging market currencies, including South Africa, under pressure. Prices of Brent Crude oil also increased during the period and the price of international petroleum products also increased.