Cape Town – Fuel price is set to go up by at least 28c on Wednesday.
According to reports, Mineral Resources and Energy Minister Gwede Mantashe made the announcement on Monday.
Mantashe said that the fuel hikes would have been much worse if the fuel levy was not lowered, according to Fin24.
Finance Minister Enoch Godongwana announced an emergency petrol price intervention last week, which saw the general fuel levy being cut by R1.50 per litre.
Godongwana said at the time that the intention of the temporary reduction of the general fuel levy was to support a phasing in the fuel price increases that were expected in the short term, which will go some way in assisting South Africans to adjust to the new reality.
ALSO READ | SA govt announces emergency petrol price intervention
The reduction in the general fuel levy would be in place until May 31.
According to IOL, Mantashe said that the reprieve would bring much-needed relief to motorists, “because it will cushion the high fuel price increases that were anticipated this month as a result of the global factors”.
Without intervention the increases for petrol and diesel would have been close to R2 per litre and over R3 per litre respectively, he said.
The hikes are as follows:
- Petrol – (both 93 ULP and LRP) – up 28 cents per litre (c/l).
- Petrol (both 95 ULP and LRP) – up 36 c/l.
- Diesel (0.05% sulphur) – up 152.56 c/l.
- Diesel (0.005% sulphur) – up 168.56 c/l.
- Illuminating paraffin (wholesale) – up 266.00 c/l.
- Single maximum national retail price for LP gas: – up 355 c/l.
- Maximum LP gas retail price – up 250 c/l.
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