Following speculation of the petrol price increase for February, it has been confirmed that consumers will have to fork out more at the pumps as the price of petrol is set to increase by 7 cents a litre, from Wednesday, 6 February 2019.
As of Wednesday, 6 February 2019, a litre of 95 ULP will cost motorists R14.08 litre, up from the R14.01 in January.
Meanwhile, the price of Illuminating Paraffin (wholesale) will decrease by 5c in the wholesale price, while the price of Illuminating Paraffin (SMNRP) will decrease by 7c.
The Maximum Retail Price for LPGAS will come down by 11c a kilogram in the maximum retail price.
“The average international product prices for petrol, diesel and illuminating paraffin increased during the period under review,” said the department.
The Automobile Association (AA) said if international oil prices continue to remain stable, South Africa will see fewer swings in the price of fuel.
“If international oil prices continue their current stable trend, South African fuel users may see fewer of the wild swings in fuel prices which characterised 2018,” said the AA in a statement.
The petrol price hike is the first since December 2018.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.