https://newsletter.en.creamermedia.com
Energy|Resources
Energy|Resources
energy|resources

Hefty hike in diesel price on Wednesday, petrol also pricier

Petrol Pump

Photo by Reuters

31st July 2023

By: News24Wire

  

Font size: - +

On Wednesday, unleaded petrol (both 93 and 95) will be hiked by 37c a litre, while diesel will increase by 72c a litre.

The latest hikes will bring the price of 95 unleaded petrol to R22.83 a litre in Gauteng, compared to R25.42 a year ago.

The wholesale price of diesel will now be R20.21 a litre, compared to R24.52 in August last year.

Local fuel prices are determined by the oil price and the rand/dollar exchange rate, as oil is priced in dollar.

While the rand firmed over the past month, the Department of Mineral Resources and Energy said that the hikes were due in part to an increase in the Brent oil price from $75.10 to $79.75 a barrel. This was oil demand increased from China and India. Saudi Arabia also continued to cut its production.

"Most analysts expect the supply constraints to push the price higher in the next few weeks," the department said.

Illuminating paraffin will be increased by 71.00 c a litre on Wednesday.

Edited by News24Wire

Comments

Projects

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.088 0.225s - 212pq - 2rq
Subscribe Now