Kaya 959 Reporter
The petrol price will be going up by 81c a litre on Wednesday 1st of December.
This will be see the price of petrol at a record high price of above R20,00 in Gauteng and other inland provinces..
The department of mineral resources and energy has also announced that Diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur).
The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, announced the adjustment of fuel prices based on current local and international factors with effect from the 1 st of December 2021.
Mantashe stated in a statement that the increase is as a result of local and international factors.
“South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g. shipping costs.”
Also Read: South Africans brace themselves for petrol price to increase on Wednesday
At the start of November, petrol prices were hiked by R1.21, while diesel increased by R1.48.
Illuminating paraffin will go up by 42.2c/l, while the maximum LPGas retail price will be increased by 183.00c/kg from 1 December.
The latest fuel price hikes are due in large part to a sharp fall in the rand against the dollar, which averaged at R15.85/$ over the past month, compared to R14.72 the previous month.
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