Petrol price

South Africans could see the price of petrol rise by up to R3.50 a litre come month end.

Add to this a bullish dollar, floundering rand and surging international crude oil prices, and South Africans could see the price of petrol rise by up to R3.50 a litre come month end. The price of petrol could rise by R3.50 a litre in June. File photo: 123RF/JARUN South Africans could see the price of petrol rise by up to R3.50 a litre come month end

This comes after the fuel levy reprieve that was granted to consumers by government to assist them with a lower petrol price kicks in again from the end of May.

- International oil prices: The international oil price has been relatively high and that will add another R1 to a litre of petrol. - The exchange rate of the rand: The rand weakened and because of that we can expect an increase in the petrol price of around R1 a litre. Roodt said there are three factors that will add to the increase in the petrol price next month.

Prices have not been changed since April 6, after OMCs hiked fuel rate by Rs 10 per litre through 14 price hikes across major cities that started on March 22.

Brent crude futures were down 35 cents to trade near $113.89 per barrel. Diesel in the city is priced at Rs 96.67. In Mumbai, a litre of petrol and diesel cost Rs 120.51 and Rs 104.77, respectively. Chennai: Petrol price: Rs 110.85 per litre, Diesel price: Rs 100.94 per litre Retail petrol and diesel prices differ from state to state on account of local taxes like VAT or freight charges. Petrol in the National Capital of Delhi is currently priced at Rs 105.41 per litre, after the last hike of 80 paise nearly a month ago. Delhi: Petrol price: Rs 105.41 per litre, Diesel price: Rs 96.67 per litre

India is the world's third-biggest oil consuming and importing nation. It imports 85 per cent of its oil needs. With the global surge in energy prices, ...

China has an even lower rate at USD 1.21 a litre while it is still cheaper in the US at 98 cents per litre. As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. Countries which have a lower per capita income like Kenya, Bangladesh, Nepal, Pakistan, and Venezuela have much lower prices of petrol and hence are impacted less than India. We deliver over 10 - 15 high quality articles with expert insights and views. The median price was around USD 1.22 a litre," it said. "India's petrol price does not now look too much out of place. Further, a stronger dollar has added to the cost of crude oil. The price of petrol in India and Turkey is the same at USD 1.35 a litre. "For a set of 106 countries for which data is available, the price in India at USD 1.35 per litre is 42nd in rank. It costs USD 2.29 a litre in Germany, USD 2.28 a litre in Italy, USD 2.07 a litre in France, USD 1.96 a litre in Israel, USD 1.87 a litre in the United Kingdom and Singapore, USD 1.75 a litre in New Zealand and USD 1.36 a litre in Australia. In the report, the Philippines has a comparable petrol price but has a per capita income higher than India by over 50 per cent. Rising fuel prices in India have led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control.

Average fuel prices have hit above the $2 per litre mark once again, with an energy economist relating it to the rising cost of oil.

“We then have to remember the fuel and excise tax should get back to normal around September.” “The consumption of oil and fuel is slowing down considerably due to these higher prices, which discourage consumption, also because of these COVID lockdowns being experienced in China… they’re the second-largest consumer of oil in the world, “That falling demand combined with rising supply should help to control and even bring down crude and fuel prices in the coming months,

The average price of petrol in Perth will surge beyond $2 per litre, further highlighting the extreme cost of living pressures impacting Australians just ...

That compares to 186.4¢ per litre a month ago on April 19. Without the cut to fuel excise — which is slated to end in September — the average price of petrol in Perth would be closer to $2.30. The wholesale price of petrol in Perth reached 180.2¢ per litre on Tuesday — an increase of nearly 30¢ since falling to a recent low of 152.3¢ per litre in mid-April following the cut to excise. A range of Puma outlets will charge an eye-watering 219.7¢ per litre for unleaded petrol, the most expensive in Perth on Wednesday. The average price of petrol in Perth will surge beyond $2 per litre on Wednesday — despite the halving of fuel excise — further highlighting the extreme cost of living pressures impacting Australians just days out from the election. Perth’s fortnightly petrol price cycle reaches a new peak on Wednesday when the average price charged at bowsers across the city will rocket from 177¢ per litre to more than $2.05.

Petrol, Diesel Prices on May 17: Petrol and diesel prices remain unchanged for the 41th consecutive day on Tuesday. Check the latest prices of diesel and ...

Although all efforts are made to keep the information concurrent, News9live is not responsible for any discrepancies in local prices. Petrol, Diesel Prices Today: Petrol and diesel prices remain unchanged for the 41st day in a row on Tuesday i.e. May 17. These prices are sourced from third parties. The last time petrol and diesel prices were hiked was on April 6, taking the total increase to Rs 10 per litre. CRISIL Research said a Rs 9-12 per litre increase in retail price will be required for a full pass-through of an average $ 100 per barrel crude oil and Rs 15-20 a litre hike if the average crude oil price rises to $ 110-120. Oil companies "will need to raise diesel prices by Rs 13.1-24.9 per litre and Rs 10.6-22.3 a litre on gasoline (petrol) at an underlying crude price of $ 100-120 per barrel," according to Kotak Institutional Equities. The increase in retail price warranted from crude oil prices rising during the 137-day hiatus from around $ 82 per barrel to $ 120 is huge but state-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are passing on the required increase in stages. Disclaimer: The petrol and diesel prices given here are subject to change on a daily basis. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab -- a period during which the cost of raw material (crude oil) soared by about $ 30 per barrel. The rise in fuel prices on April 6 was the fourteenth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. In all, petrol and diesel prices have gone up by Rs 10 per litre each. Petrol in Delhi will now cost Rs 105.41 per litre as against Rs 104.61 previously while diesel rates have gone up from Rs 95.87 per litre to Rs 96.67 according to a price notification of state fuel retailers.

These twin catastrophes, as it stands, may force fuel costs up by more than R2-per-litre themselves. Add that to the General Fuel Levy coming back into effect, ...

“Based on information, about two days ago the petrol price would’ve increased by nearly R2 a litre in anyevent. Last week, we broke the shock news that the petrol price would spike at a ridiculous rate in little over two weeks’ time. That is already higher than the R3p/l increase that was predicted last week.

The quantum of hike in pump price of diesel is likely to be more this time.

The quantum of price hike on diesel could be more than that of petrol, the source further added, as the revenue loss for diesel for Oil Marketing Companies (or OMCs ) are higher in comparison to petrol. As the world’s second-biggest oil importer, the country spent $119.2 billion in FY21-22 vs. The hike in the price of diesel could be somewhere in the range of Rs 3-4 and for petrol the range could be between Rs 2-3.

Further rise likely if EU ban on Russian oil goes ahead, and petrol up 3p since start of month at 166.65p.

The RAC’s fuel spokesperson, Simon Williams, said: “Unfortunately, drivers with diesel vehicles need to brace themselves for yet more pain at the pumps. A full EU ban on Russian energy imports could push this even higher. The Office for National Statistics said last week that prices at the pump were contributing to the cost of living crisis as it revealed that the UK’s economy shrank 0.1% in March.

Diesel prices have hit a new high as the RAC claims retailers have increased their profits following the fuel duty cut introduced in March.

PetrolPrices.com covers major service stations including brands like BP, Shell, and Texaco as well as supermarkets, smaller chains and independent stations. 13. Morrisons Hyde, 160.7p 12. Morrisons Dunkinfield, 160.7p 11. Morrisons Bredbury, 160.7p 10. Morrisons Oldham, 160.7p 8. Morrisons Eccles, 160.7p 7. Morrisons Openshaw, 160.7p Petrol prices can vary depending on supply and demand. All these locations are within 15 miles from the centre of Manchester and all data was collated from PetrolPrices.com. In the month up to the duty cut it was 9p for petrol and 6p for diesel. Chancellor Rishi Sunak introduced a 5p per litre cut in fuel duty on March 23 to help motorists struggling with the cost of living squeeze. The average price of a litre of diesel at UK forecourts was 179.7p on Monday (16 May), up from 178.4p a week earlier, figures from Figures from the Department for Business, Energy and Industrial Strategy show.

Even as oil prices fall from highs in March, the cost of filling up a diesel vehicle has rocketed.

Refining margins are calculated using “crack spreads” – the overall price difference between a barrel of crude oil and the petroleum products refined from it. The RAC has accused retailers of taking 2p more in profit a litre than before the chancellor announced a 5p cut in fuel duty in March’s spring statement. After the oil is refined, it is then used in products like diesel and petrol. The fall in the oil price due to Covid hurt an industry that has struggled to attract investment into facilities amid increased environmental regulation and worries over peak oil demand. The US Energy Information Administration estimates that stocks of US distillates – typically diesel and petrol – fell 8% in March to 24% below the five-year average. But, against this backdrop, oil prices have actually fallen from their peaks in March in the early weeks of the war.

The rise in fuel prices is mainly due to the global price of crude oil (raw material for making petrol and diesel) going up. Further, a stronger dollar has ...

China has an even lower rate at USD 1.21 a litre while it is still cheaper in the US at 98 cents per litre. Countries which have a lower per capita income like Kenya, Bangladesh, Nepal, Pakistan, and Venezuela have much lower prices of petrol and hence are impacted less than India. The median price was around USD 1.22 a litre," it said. The price of petrol in India and Turkey is the same at USD 1.35 a litre. The rise in petrol pricedoes not now look too much out of place. It costs USD 2.29 a litre in Germany, USD 2.28 a litre in Italy, USD 2.07 a litre in France, USD 1.96 a litre in Israel, USD 1.87 a litre in the United Kingdom and Singapore, USD 1.75 a litre in New Zealand and USD 1.36 a litre in Australia. "For a set of 106 countries for which data is available, the price in India at USD 1.35 per litre is 42nd in rank. India's neighbours have cheaper fuel - petrol in Bangladesh costs USD 1.05 a litre, 77 cents a litre in Pakistan and 67 cents a litre in Sri Lanka. Hong Kong has the costliest petrol at USD 2.58 per litre while Malaysia has the cheapest at 47 cents to a litre. In the report, the Philippines has a comparable petrol price but has a per capita income higher than India by over 50 per cent. Petrol in New Delhi currently costs Rs 105.41 a litre and diesel is priced at Rs 96.67 per litre.

This comes after the fuel levy reprieve that was granted to consumers by government to assist them with a lower petrol price kicks in again from the end of May.

- International oil prices: The international oil price has been relatively high and that will add another R1 to a litre of petrol. - The exchange rate of the rand: The rand weakened and because of that we can expect an increase in the petrol price of around R1 a litre. Roodt said there are three factors that will add to the increase in the petrol price next month.