Motorists have been warned to brace for steep fuel price increases at the pumps from 2 September.
The Department of Mineral and Petroleum Resources has announced fuel price adjustments effective Wednesday, citing local and international factors behind the increases.
This marks the second consecutive monthly fuel price increase, following the adjustment announced in August.
Both grades of petrol, 93 and 95, will increase by R1.34 per litre.
Diesel 0.05% sulphur will increase by R2.94 per litre, while diesel 0.005% sulphur will rise by R3.15 per litre.
Wholesale illuminating paraffin will increase by R2.13 per litre, while the single maximum national retail price for illuminating paraffin will rise by R2.84 per litre.
The maximum retail price for LP gas will increase by 69 cents per kilogram, with a 79 cents per kilogram increase in the Western Cape.
Department spokesperson Lerato Ntsoko cited tensions involving the United States and Iran in the Strait of Hormuz, as well as high shipping costs, among the factors contributing to the increases.
“The average international product prices of petrol, diesel and illuminating paraffin increased due to supply shortages caused by the continued Russia/Ukraine conflict and lower global inventories of products,” Ntsoko said.
She added that the rand appreciated on average against the US dollar, strengthening from R16.46 to R16.21 per US dollar during the period under review compared with the previous period.
According to Ntsoko, the stronger rand reduced contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 21.07 cents per litre, 29.06 cents per litre and 26.69 cents per litre, respectively.
She said other factors contributing to the increases included the implementation of the slate levy and annual wage adjustments for forecourt staff.
