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July fuel price announced


The retail price of petrol in South Africa will increase by up to R1.72 a litre from Wednesday while the wholesale price of diesel will rise by as much as R1.73.

The retail price of illuminating paraffin, which millions of poor South Africans still rely on for cooking and lighting, would go up by R2.85.

South Africa adjusts fuel prices every month, based on global oil prices and the value of the rand currency.

Adjustments are made in such a manner that the over- or under-recovery during the prior month is corrected the following month.

On Tuesday, the energy department said the average international prices for petrol, diesel and illuminating paraffin had increased during the period under review.

The rand had appreciated against the US dollar, on average, when compared to the previous period, leading to a lower contribution to the basic prices.

- African News Agency (ANA), 

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