Don’t forget to fill up, petrol will increase by 49c on Wednesday

POLOKWANE – Minister of Energy, Jeff Radebe announced the adjustment of fuel prices for May 2018  based on current local and international factors with effect from 2 May 2018.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

Read more: Petrol likely to increase by 41c in May, says AA

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.

The price of petrol will go up by a whopping 49 cents per litre (both 93 and 95 octane) to a new record high.

A litre of 93 octane unleaded petrol (inland) which currently costs R14.23 a litre will now cost R14.72 – 23 cents more than the previous record high of R14.49 in December last year.

Diesel will increase by 59c and illuminating parrafin by 69c.

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