Petrol 52 cents more expensive from June first

BY CHARL BOSCH - MAY 30, 2016

The Department of Energy has confirmed that petrol will be 52 cents per litre more expensive from this coming Wednesday.

Diesel will go up by 76 cents a litre while illuminating paraffin will be 62 cents a litre dearer. The price of Liquefied Petroleum Gas (LPG) will go down up by 98 cent per kilogram.

In a statement on Friday, the Automobile Association (AA) warned that an over-supply of oil combined with output reductions in Nigeria, the United States and Columbia as well as the weakening Rand / US Dollar exchange rate, could result in prices reaching the new highs in the months to come.

A short while ago, the national currency was trading at R15.79 against the Dollar with Brent Crude Oil coming in at $49.71 a barrel.