December petrol price will hit R20.35/l in Gauteng
Fuel prices will rocket further from December 1, with the price of 95 unleaded set to hit a record R20.35/l in Gauteng, while both 93 unleaded and LRP will cost R20.13/l.
This comes as the Department of Mineral Resources and Energy (DMRE) announced on Monday that all grades of petrol will increase by 81 cents per litre nationwide from Wednesday.
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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.
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.
Source: moneyweb.co.za
