Fuel prices set to increase by midnight - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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ICYMI The Department of Minerals, Resources, and Energy announced that the price of fuel will increase by 28 cents a litre for grades of petrol, while diesel will increase by 9.1 cents per litre.

A pump is seen in a car at a Shell petrol station

The department says the decision was informed by the higher oil prices in the global markets and Rand’s appreciation against the dollar.Department of Minerals Resource and Energy spokesperson Robert Maake says the increases would have been worse had it not been for the Rand appreciating during the period under review and a decrease in the slate levy from 61.38 cents a litre to 17.54 cents a litre for both petrol and diesel.

“We the Congress of South African Trade Union is really concerned by a recent increase in the price of electricity, an increase in the price of fuel, and the decision by the Reserve Bank to increase the repo rate, this is really going to leave many workers and their families struggling.

 

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