Fuel prices will rocket further from December 1, with the price of 95 unleaded set to hit a record R20.29/l in Gauteng and other inland provinces, while both 93 unleaded and LRP will cost R20.07/l.
This comes as the Department of Mineral Resources and Energy (DMRE) announced that all grades of petrol will increase by 75 cents per litre nationwide from Wednesday.*
The department had originally announced a hike of 81 cent per litre on Monday (November 29), but on Wednesday said the petrol price increase should have been 75 cents a litre. It apologised for the error.
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.
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.
Yowzers …. @DMRE has just announced increases to fuel on 1 Dec (Wed). 81c/l increase for all grades of petrol (pushing ULP95 in Gauteng from R19.54 to R20.35), increases of btwn 72.50c/l and 74/50c/l for diesel, and increases of btwn 42c and 56c for paraffin. @AASouthAfrica
— Layton Beard (@LaytonBeard) November 29, 2021
Coastal petrol prices
With the price of all grades of petrol increasing by 75 cents-a-litre in December, the price for 95 unleaded in coastal provinces is set to hit R19.57/l. The coastal price for 93 unleaded and LRP will hit R19.55/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.