The Department of Energy has announced the petrol and diesel price changes for February 2019, showing a slight increase.<\/p>\n
From Wednesday, motorists will pay 7 cents per litre more<\/strong> for 93 and 95 grades of petrol, and between 1 and 2 cents per litre more for diesel<\/strong>.<\/p>\n The price of illuminating paraffin, however, will drop by 5 cents per litre.<\/p>\n The main reason for the fuel increase was rising international petroleum prices, which contributed between 12 cents and 17 cents to the overall hike.<\/p>\n However, the strong performance of the rand over the period offset this, by bringing prices back down by around 11 cents per litre.<\/p>\n “The average international product prices for Petrol, Diesel and Illuminating Paraffin increased during the period under review,” the department said.<\/p>\n “The Rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period.”<\/p>\n The average Rand\/US Dollar exchange rate for the period 27 December 2018 to 31 January 2019 was 13.9476 compared to 14.1778 during the previous period.<\/p>\n This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 9.24 c\/l, 10.85 c\/l and 10.97 c\/l respectively.<\/p>\n One of the main contributing factors to rising international petroleum prices is the cost of oil, which has been steadily rising over the month of January.<\/p>\n Big petrol price drops in December 2018 tracked a drop in international oil prices to as low as $50 a barrel – however in recent weeks this climbed back up to the $60 level.<\/p>\n According to the AA, however, the strength of the rand has been a welcome sign that the local economy may be stabilising a bit.<\/p>\n The new prices come into effect on Wednesday, 6 February 2019.<\/p>\n\n\n
\n Fuel<\/th>\n January Official<\/th>\n February Official<\/th>\n<\/tr>\n \n 95 Petrol<\/td>\n R14.01<\/td>\n R14.08<\/td>\n<\/tr>\n \n 93 Petrol<\/td>\n R13.80<\/td>\n R13.87<\/td>\n<\/tr>\n \n 0.05% Diesel (wholesale)<\/td>\n R13.14<\/td>\n R13.15<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
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