- 95 Unleaded (Gauteng): Up by R3.33 to R30.25/l
- 95 Unleaded (Coastal): Up to R29.38/l
- 93 Unleaded (Gauteng): Up by R3.12 to R30.04/l
- Wholesale Diesel (0.05%): Up by R2.84 to R31.96/l (Gauteng)
- Wholesale Diesel (0.005%): Up by R3.24 to a higher rate
- Illuminating Paraffin: Maximum retail up by R4.77/l
Reasons for the fuel price hike
Brent crude prices had jumped from $87.89 to more than $101 a barrel, with the ongoing US and Iran conflict contributing greatly. Shipping through the Strait of Hormuz remains a live concern which means there is little hope of prices making a significant recovery anytime soon.
According to the department, global shipping costs have also climbed, and inventories are tightening.
ALSO READ: Middle East war shock extends from oil fields to your wallet
Taxi fares, delivery fees and grocery costs are likely to follow the fuel prices upward, as nearly all food is transported by truck.
Following previous price hikes, taxi operators across the country implemented fare increases starting at R2, and according to June inflation data, minibus taxi fares have risen 11.5% month-on-month, e-hailing 8.7% and long-distance buses 8.4%.
- Motorists and commuters across South Africa must brace themselves for record-high fuel prices, with petrol and diesel both expected to exceed R30 per litre.
- Increases were announced on Monday afternoon, and the increases are due to take effect on Wednesday morning.
- ALSO READ: R30 petrol: The shock our country cannot afford The Department of Mineral and Petroleum Resources confirmed the following price adjustments: 95 Unleaded (Gauteng): Up by R3.33 to R30.25/l 95 Unleaded (Coastal): Up to R29.38/l 93 Unleaded (Gauteng): Up by R3.12 to R30.04/l Wholesale Diesel (0.05%): Up by R2.84 to R31.96/l (Gauteng) Wholesale Diesel (0.005%): Up by R3.24 to a higher rate Illuminating Paraffin: Maximum retail up by R4.77/l Reasons for the fuel price hike Brent crude prices had jumped from $87.89 to more than $101 a barrel, with the ongoing US and Iran conflict contributing greatly.
- Shipping through the Strait of Hormuz remains a live concern which means there is little hope of prices making a significant recovery anytime soon.
- According to the department, global shipping costs have also climbed, and inventories are tightening.
