Petrol price increase

Business News

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Mineral Resources and Energy Minister Gwede Mantashe announced the adjustment to fuel prices on Monday.

Both grades of 93 petrol will go up by 28 cents a litre. Motorists will pay R1.68 more for Diesel. Consumers will pay R3.55 more for a litre of paraffin.

Finance Minister Enoch Godongwana announced that the general fuel levy would be lowered by R1.50 per litre by the end of May in order to provide some relief to consumers who are feeling the effects of rising fuel prices amid the conflict between Russia and Ukraine.

The department of energy said increases in petrol would have been R2/litre and diesel R3 if there had been no intervention.

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