JUST IN | Another cut in diesel prices, but petrol will be pricier from Wednesday | Business

📆 02/05/2023 15:49:00
📰 News24

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The latest data from the Central Energy Fund shows that diesel prices could be lowered by 26c to 51c a litre, depending on the grade. Unleaded 95 petrol, however, could be hiked by around 60c. | News24_Business

Petrol will be hiked by 37c a litre, while diesel will be cut by 47.5c and 73.5c , the Department of Mineral Resources and Energy announced on Tuesday.

International petrol prices are on the rise because of the beginning of the so-called driving season in the US and faster economic growth in China, the department said. But the prices of middle distillates were lower due to an oversupply in the markets. Due to an increase in the carbon levy of 1c a litre, which comes into effect this week, the general fuel levy of petrol and diesel will now be R3.96 a litre and R3.82 respectively.

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