South Africa’s Department of Energy announced that as of early October the retail price of petrol 93 octane will increase by $0.44/L and that of 95 octane by $0.43/L. Core factors in the increase are the rand/US dollar exchange rate and the price increase of crude oil, Ladysmith Gazette reported.
The wholesale price of diesel 0.05% sulphur and 0.005% sulphur will increase by $0.23/L, while the wholesale price of illuminating paraffin will increase by $0.22/L.The single maximum national retail price of illuminating paraffin (SMNRP) will increase by $0.30/L and the maximum retail price for LPGAS will go up by $0.58/kg, according to All Africa.
In related news, Egypt Oil&Gas reported in early September that the retail price of petrol in South Africa would decrease by 1.5% during the month, while the price of wholesale diesel would go down by 4.4%. At the time of the report the Department of Energy stated that the decrease in retail prices came as a result of the strengthening of the local currency, the Rand, and weaker global prices for oil.