Motorists will be feeling the pain at the pumps after the fuel adjustments were announced. Here's how much more you’ll be paying for petrol, diesel paraffin and LP gas on Wednesday.
The Department of Mineral Resources and Energy has announced the fuel adjustment for March 2022.
The price of both 95 and 93 octane petrol will increase by R1.46c per litre.
This will see the price of petrol reach record highs and breach the R21 barrier with 95 octane petrol costing motorists R 21.60 per litre while 93 octane petrol will set motorists back R 21.35 per litre in Inland provinces.
Diesel (0.5 sulphur) will cost R 19.48 while Illuminating Paraffin (wholesale) will also cost consumers R1.21 more than it did in February.
Here’s a full list of price increases that will take effect from 2 February 2022
- Petrol (both 93 and 95 ULP & LRP) will increase by one hundred and forty-six cents per litre (146 c/l)
- Diesel (0.05% sulphur): will increase by one hundred and forty-four cents per litre (144.36 c/l)
- Diesel (0.005% sulphur) will increase by one hundred and forty-eight cents per litre (148 c/l)
- Illuminating Paraffin (wholesale) will increase by one hundred and twenty-one cents per litre (121 c/l)
- SMNRP for IP will increase by one hundred and sixty-one cents per litre (161 c/l)
- Maximum LPGas Retail Price will increase by seventy cents per kilogram (70 c/kg)
The department attributed the increase in prices to the movement of international petroleum prices. The rand did appreciate slightly against the US dollar which led to lower contributions to the basic price of fuel. The implementation of the Slate Levy (an increase of 15.36 c/l) will also impact the consumer's pocket.
The Automobile Association of SA Layton Beard says while they are excited by the fact that levies paid on fuel will not be increased, the increase will still impact citizens greatly.
He explained that an extra R1.46 per litre of fuel will result in the manufacturing products and transport increase and that these costs are passed on to the consumer.
Beard said, “the beaten and broken South African consumer is going to get beaten and broken a little bit more”.
