South African motorists will be paying a jaw-dropping R18.20 cents a litre inland from 4 August 2021.
It’s the first time in history that motorists will be paying more than R18 for a litre of petrol.
Higher international oil prices and a significantly weaker rand/dollar exchange are the main drivers behind the hike.
But, the Mineral Resources Department has also introduced a slate levy of R6.58 cents.
Both grades of petrol will cost 91 cents more a litre.
Diesel goes up by 55 cents per litre and a litre of paraffin will cost 50 cents more.
The department noted the following price hikes, which will come into effect on Wednesday (4 August):
- Petrol 95: increase of 91 cents per litre;
- Petrol 93: increase of 91 cents per litre;
- Diesel 0.05%: increase of 55.58 cents per litre;
- Diesel 0.005%: increase of 54.58 cents per litre;
- Illuminating Paraffin: increase of 50 cents per litre;
- Single Maximum National Retail Price for LP Gas: increase of 67 cents per litre;
- Maximum LPGas Retail Price: increase of 226 cents per kg.
August fuel price table
|Fuel (Inland)||July official||August official|
|0.05% Diesel (wholesale)||R15.08||R15.63|
|0.005% Diesel (wholesale)||R15.12||R15.66|