The Sick Joke That is Another Petrol Price Increase in May
Petrol will be increasing by 54 cents costing us R16.76 per litre for 95 unleaded and R16.49 for 93 unleaded. The only people that are catching a break here is diesel drivers as their prices will only be increasing by R0.01, thinking of getting a diesel car now is the time. Not only is petrol increasing but so is paraffin and gas. Thanks for the slap in the face South Africa!
Here are the increases:
- 93 Petrol: R0.54 per litre increase
- 95 Petrol: R0.54 per litre increase
- Paraffin: R0.03 per litre increase
- LPGAS: R0.84 per kg increase
- 0.05% diesel: R0.01 per litre increase
- 0.005% diesel: No price increase
Why is the Petrol Price Increasing?
The Department of Energy has announced that petrol prices are being increased in May due to the weakening rand to dollar exchange rate and the increasing price of international oil.
The United States has also imposed sanctions on countries purchasing oil from Iran which has removed about 1.1 million barrels of oil from the market causing the price to increase even more.