Petrol price increase

2023 - 1 - 30

petrol price february 2023

Petrol and diesel prices to be hiked this week (News24)

Paraffin will increase by 58c a litre, and the maximum retail price of LP gas will fall by R1.40 a kilogram. The latest price hikes will push Gauteng petrol to ...

A stronger rand could not prevent fuel price hikes. Diesel was close to R25.50 in November last year. The fuel prices are usually adjusted on the first Wednesday of a month and determined by the price of international oil and fuel prices and the rand-dollar exchange rate. Petrol peaked at R26.74 in July last year. Paraffin will increase by 58c a litre, and the maximum retail price of LP gas will fall by R1.40 a kilogram. The latest price hikes will push Gauteng petrol to R21.68 a litre, from R20.14 a year ago.

Here is the official petrol price for February (BusinessTech)

The Department of Mineral Resources and Energy has published the official fuel price adjustments for February 2023.

0.005% diesel (wholesale) The negative slate balance on petrol and diesel amounted to R2.191 billion at the end of December 2022. 0.05% diesel (wholesale) February Official The LPGas prices are decreasing due to the lower prices of Propane and Butane during the period under review,” it said. January Official LPGAS (p/kg) 95 Petrol 93 Petrol Illuminating Paraffin (wholesale) Petrol 95 Petrol 93

February ushers in petrol price increase (Eyewitness News)

Both grades of petrol will cost 28 cents per litre, which means motorists will pay between R21.38 and R21.68 per litre.

According to the Central Energy Fund, both grades of petrol will cost 28 cents per litre which means motorists will pay between R21.38 and R21.68 per litre. The price of low-sulphur diesel will decrease by 84 cents per litre, however, regular diesel will increase by 9 cents. Both grades of petrol will cost 28 cents per litre, which means motorists will pay between R21.38 and R21.68 per litre.

Petrol and diesel price increases for Wednesday, 1 February ... (Citizen)

“The movement in international refined petroleum product prices, diesel and illuminating paraffin in particular, followed the decreasing trend in crude oil ...

“The negative slate balance on petrol and diesel amounted to R2.191 billion at the end of December 2022. “The average Brent Crude oil price increased from 85.08 US Dollars (USD) per barrel to 86.16 USD per barrel during the period under review. A slate levy decrease of 43.84 c/l (from 61.38 c/l to 17.54 c/l) will be implemented into the price structures of petrol and diesel, in line with the Self-Adjusting Slate Mechanism rules effective from the 1st of February 2023,” the department said. “The movement in international refined petroleum product prices, diesel, petrol and illuminating paraffin in particular followed the increasing trend in crude oil prices, while the prices of LPGas decreased due to lower propane and butane prices during the period under review,” he said. “The stronger Rand led to lower contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 15.97 c/l, 18.79 c/l and 19.36 c/l respectively.” “The movement in international refined petroleum product prices, diesel and illuminating paraffin in particular, followed the decreasing trend in crude oil prices while the prices of petrol increased during the period under review,” he explained.

Stronger rand can't stave off fuel price hike: this is how much more ... (Independent Online)

This comes after the South African Reserve Bank (Sarb) raised interest rates and the Department of Mineral Resources and Energy confirming fuel prices are set ...

At the coast, motorists will see petrol prices increase from R20.45 to R20.73 for the 93 grade of petrol, with the price of 95 moving from R20.75 to R21.03. [State of Disaster ](https://www.iol.co.za/business-report/economy/anc-calls-for-declaration-of-state-of-disaster-over-eskom-crisis-06015310-8744-492d-a127-9263bd73414f)at struggling power utility Eskom in a bid to end the ongoing energy crisis. This means motorists in Gauteng will be paying R21.68 for a litre of petrol, while diesel will increase to R21.32 a litre. Due to the rising oil price, the price of petrol and diesel will be hiked. Paraffin will increase by 58c a litre, and the maximum retail price of LP gas will fall by R1.40/kg. This comes after the South African Reserve Bank (Sarb) raised interest rates and the Department of Mineral Resources and Energy confirming fuel prices are set to increase from Wednesday.

Petrol and diesel prices going up from Wednesday (Mail and Guardian)

The reopening of the Chinese economy has prompted a large demand for oil, pushing domestic fuel prices higher.

[department of mineral resources and energy](https://www.dmr.gov.za/) said in a statement on Tuesday that petrol prices were going up because the cost of crude oil increased from $85.08 a barrel to $86.16 during the period under review, the main contributing factor being the re-opening of the Chinese economy. The wholesale price of paraffin will also go up by 58 cents a litre. Any increase to fuel prices now, at a time when South Africans are grappling with, among other issues, financial pressures and rolling blackouts is unwelcome,” the AA said in a note. [Automobile Association](https://aa.co.za/fuel-price-increases-on-the-way/) (AA) had forecast a petrol price hike of 52 cents to 57 cents a litre and increases of 22 cents and 33 cents a litre for diesel. The [petrol](https://mg.co.za/?s=petrol) will rise by 28 cents a litre while the cost of diesel (0.05% sulphur) will increase by 9.16 cents a litre.

Petrol to increase by 28c in February (Business Day)

Diesel prices are a mixed bag, with a slight increase for high-sulphur fuel and a 1c decrease for low sulphur.

The wholesale price of illuminating paraffin rises 58c/l , and liquefied petroleum gas decreases by R1.40/kg. Diesel drivers are spared a big increase, however, with a rise of 9c/l in the wholesale price of diesel with 0.05% sulphur content, while 0.005% diesel decreases by 1c/l. This follows decreases of more than R2/l for petrol and diesel in January.