Massive petrol price increase in March

The Department of Energy announced that the petrol price will increase by 96 cents per litre on Wednesday (4 March).

Diesel will increase by 74 cents per litre, while paraffin will increase by 98 cents per litre, the department announced late on Friday.

On Wednesday, presenting his first main budget as finance minister in the National Assembly, Nhlanhla Nene announced the general fuel levy would increase by 30.5c/litre and the Road Accident Fund levy by 50c/litre, effective from April 1.

South Africa had previously experienced seven straight months of fuel cuts.

In the first week of February, the price of all grades of petrol dropped by 93 cents a litre, while in January the price of 93 and 95 octane petrol decreased by R1.27 and R1.23 a litre.

The petrol price in Gauteng hit at a record worst level of R14.39 for a litre of 95 Octane petrol in April 2014, dropping to its current price of R10.31, in February.

More on the petrol price

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Petrol price set for sharp rise in March

Petrol price increase on the cards

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Massive petrol price increase in March