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.
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.
— Minister of Energy (@radebe_jeff) April 27, 2018
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.