Motorists can expect to pay a touch more for petrol and diesel at the pumps in August, thanks mainly to the rand’s volatility against the dollar.<\/p>\n
The latest information from the Department of Energy shows that the price of petrol 93 (ULP & LRP) in Gauteng could increase by 12.9 cents per litre on Wednesday, 2 August 2017, while the price of diesel with a 0.005% sulphur content is expected to rise by 26.6 cents per litre.<\/p>\n
Independent economist, Fanie Brink, noted that the crude oil price dropped to $46.71 a barrel early in the month, but recovered quickly to $50.59 a barrel. The increases in the average international prices of petroleum products caused increases of a cent per litre in the price of petrol and 14.5 cents per litre in the price of diesel.<\/p>\n
Brink said that the volatility in the daily average exchange rate during the past month between R\/$13.54 and R\/$12.86 added a further expected increases of 11.9 cents per litre to the petrol price and 12.1 cent per litre to the diesel price.<\/p>\n
In mid-morning trade on Tuesday the rand held steady against the dollar at R13.03 in the absence of domestic data.<\/p>\n
The final price changes are expected to be announced by the Department of Energy on Friday, 28 July 2017<\/span>.<\/p>\n Here\u2019s what you can expect to pay in August:<\/p>\n\n\n
\n Fuel<\/th>\n July official<\/th>\n August expected<\/th>\n<\/tr>\n \n 93 Petrol<\/td>\n R12.63<\/td>\n R12.76<\/td>\n<\/tr>\n \n 95 Petrol<\/td>\n R12.86<\/td>\n R12.99<\/td>\n<\/tr>\n \n 0.05% Diesel (wholesale)<\/td>\n R10.98<\/td>\n R11.25<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
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