Ricochet News

Petrol 52 cents more expensive from June first

By Charl Bosch - May 30, 2016
Petrol 52 cents more expensive from June first

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.