Ricochet News

Petrol goes up by 5c on Wednesday, diesel and paraffin unchanged

Sep 3, 2018
Petrol goes up by 5c on Wednesday, diesel and paraffin unchanged

The Minister of Energy, Jeff Radebe, on Monday announced that the fuel prices will remain unchanged for the month of September except the 4.9c/l increase in the retail margin of petrol to cater for the annual salary increase for forecourt attendants, cashiers and other administration staff.

At the beginning of August, the Department of Energy announced a slight increase in petrol prices and a drop in diesel prices.

South Africa has witnessed sustained increases in fuel prices for the past few months, which placed a strain on the consumers.

"Despite the fact that these increases were caused mainly by international factors, the department has decided to intervene temporarily for this month," said Department of Energy spokesperson, Lerato Ntsoko.

"This is a once off temporary intervention to provide some relief to motorists and consumers against fuel price hikes.

"Except for the 4.9 cents increase on the retail margin of petrol referred to above other fuel prices remain unchanged."

Ntsoko said that the 4.9c/l salary increase is in line with the Motor Industry Bargaining Council (MIBCO) agreement of 18 November 2016.

"This annual increase is effective from 05 September 2018. This money must be ring-fenced for the wages of the forecourt staff."

Last week, Deputy President, David Mabuza, told Parliamnet that government was exploring ways to minimise the impact of high fuel prices.

This followed a similar announcement by Minister Radebe his department was intensifying efforts to cap and bring down the escalating cost of fuel