The inland price of 95 unleaded petrol is now R16.67 and 93 unleaded is R16.50. At the coast‚ the prices are R16.03 for 95 unleaded and R16.07 for 93 unleaded.
It’s the fifth straight increase in fuel prices in 2019 and the second-highest fuel price on record‚ after prices peaked at R17.08 in October 2018.
Analysts have warned that the rising price of Brent crude oil and the weaker exchange rate will lead to further fuel price increases in coming months.
The wholesale price of 500ppm sulphur diesel has increased 1c a litre‚ while 50ppm stays the same.
- TMG Digital
No end in sight to rising petrol price pain
Image: 123RF/Vojtech Vlk
Analysts warn of further fuel price increases in coming months
Crude oil reached its highest level since November‚ after the US decided to end a sanctions waiver on Iranian oil imports. The price rose to more than $70 (about R1‚011) a barrel compared with $54.11 (about R782)at the start of the year.
The inland price of 95 unleaded petrol is now R16.67 and 93 unleaded is R16.50. At the coast‚ the prices are R16.03 for 95 unleaded and R16.07 for 93 unleaded.
It’s the fifth straight increase in fuel prices in 2019 and the second-highest fuel price on record‚ after prices peaked at R17.08 in October 2018.
Analysts have warned that the rising price of Brent crude oil and the weaker exchange rate will lead to further fuel price increases in coming months.
The wholesale price of 500ppm sulphur diesel has increased 1c a litre‚ while 50ppm stays the same.
- TMG Digital
READ MORE:
Another fuel hike to hit consumers pockets hard and increase taxi fares
Motorists to dig deep as fuel price increases
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Related articles
Latest Videos