Price of petrol to rise by 7c

Picture for illustration purposes only

The cost of Grade 93 and 95 petrol will increase by 7 cents per litre from Wednesday, mainly because of increased international oil prices, the Department of Energy said on Friday.

The price of diesel will increase by between 1c and 2c.

The wholesale price of illuminating paraffin, used by poor households for cooking and heating, will be 5c lower per litre.

Fuel prices are adjusted each month in line with movements in the rand exchange rate and international oil prices.

“The rand appreciated against the US dollar during the period under review, on average, compared with the previous period,” the department said. Source: IOL