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SA motorists will pay 22c/l more for petrol on Wednesday

LIQUID GOLD: The price of petrol and diesel goes up again from Wednesday, and will have a knock-on effect on inflation. Pic: SYDNEY SESHIBEDI. 08/04/2005. © Sunday TimesnnPetrol Attendent Samuel Mogadi, attend the customers at the BP petrol station in Hyde Park on Jan Smuts Avenue. The petrol price has gone beyond the R5.00 mark. Pic: Sydney Seshibedi. 8/4/05. © ST.nn

Motorists will pay 22c more for a litre petrol from Wednesday, but about 15c less for diesel, the Central Energy Fund said on Tuesday.

The rand had strengthened about 0.85% against the dollar during the period under review, although the international price of petrol increased, and diesel and paraffin decreased.

Illuminating paraffin will cost 24c less.

Petrol also saw a 11.6c per litre increase due to annual margin adjustments on petrol, while there is a net increase of 6.05c a litre for diesel and illuminating paraffin.

The annual adjustments address margins for the wholesale, storage, handling and distribution sides of the business, which faced cost increases through the course of 2019.

gernetzkyk@businesslive.co.za

https://www.businesslive.co.za/bd/economy/2019-12-03-sa-motorists-will-pay-22cl-more-for-petrol-on-wednesday/

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