South Africa
Fuel price hike announced for Wednesday─── 16:13 Mon, 31 Jan 2022
On Wednesday, the petrol price (both 93 and 95) will be hiked by 53c a litre, while diesel prices will increase by between 79c and 80c.
Illuminating paraffin price will be hiked by R1.01 a litre, while the maximum LPGas retail price will be lowered by R1.24.
Local fuel prices are determined by international oil prices - as well as the dollar-rand value, as South Africa buys oil in dollars.
Brent crude oil grew more expensive over the past month, pushing local fuel prices higher. Oil prices increased as a result of stronger global demand, also in the travel sector, as well as constrained supplies.
