Petrol Price Reaches Record High

Heading

Monday, 28 February, 2022 - 15:02

Author:

Nobody at the petrol station after prices go up

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.

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”.

SkillsPortal Categories

Occupational Health and Safety

Hefty Petrol Price Increase To Take Effect

While motorists will be paying more at the pumps as of 1 June 2022, many have breathed a sigh of relief as the government announced a partial extension to a relief measures that have cushioned the rising price of petrol for the last two months.

Transport Department Investigates Driving Tax

While the cost of living in South Africa seems to be on an unstoppable upward spiral, the government said they will be investigating a possible new revenue source in the form of a driving tax.

Petrol Price Could Cost R25 Per Litre In June

Petrol price set for big increase in June

Motorists are set for further pain at the pumps after it was reported that the government will not be extending a relief measure which reduced the price of fuel for the past two months.

Minister Warns Of Looming Fuel Price Increase

South African motorists should prepare themselves for more pain at the pumps after the minister of Mineral Resources and Energy revealed that a price hike is unavoidable.

Petrol Price Down, Diesel Price Up In May

Depending on the vehicle you drive, the May 2022 fuel adjustments will either be a welcomed relief or an unpleasant surprise.

Careers Portal Videos

Most Popular Articles Today

Gauteng School Admission Applications Open This Month

parents applying for school placement in Gauteng

Thousands of parents in the Gauteng province are advised to get ready for the upcoming school admission season, as there is less than a month left before the online allocation period begins.

UIF Taking Steps To Improve Service Delivery

The Unemployment Insurance Fund (UIF) has revealed that when the lockdowns began in March 2020, they were inundated with requests for benefits, which also created an increased demand for improved service delivery. In addition to this, data from Statistics South Africa (StatsSA) showed that more than 600 000 formal sector jobs were lost during this lockdown period.

Office Hours Extended By Home Affairs

Whether it be for work, making school applications, making an appointment for a drivers licence test or simply for leisure purposes, you will need the appropriate documentation. The latest announcement from Home Affairs will allow people more time to access official documentation.

Sassa Calls On Clients To Use ATMs To Collect Money

With more than 18 million permanent grant recipients in South Africa, technical difficulties with grant payment systems could inconvenience millions of individuals and their family members who rely on the crucial government support mechanism.

How To Become A Role Model Manager

A role model is someone who doesn't necessarily tell you what to do but rather shows you how to act, react, live, work and improve through their good example. When you are in a managerial position, you are automatically seen as a leader within your organisation.

Other People Were Also Interested In

Here’s When Sassa Will Pay June R350 Grants

After months of waiting, beneficiaries of the Social Relief of Distress (SRD) grant found out that they will soon receive outstanding grant payments for successful reconsideration requests. This means outstanding payments for June and the backlog related to April and May will also be addressed.