South African motorists will be paying more than R20 per litre of petrol from December.
This comes as the Department of Mineral Resources and Energy (DMRE) announced on Monday that all grades of petrol will increase by 81 cents per litre nationwide from Wednesday.
The main driver behind the price increases was the significantly weaker rand, in addition to annual price adjustments and a slate levy increase.
“The Rand depreciated, on average, against the US Dollar (from R14.72 to R15.85 per USD) during the period under review when compared to the previous one,” the department explained.
“This led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by over 34 cents per litre.”
A litre of 93 or 95 unleaded petrol will cost 81 cents more. That takes the inland price of 93 unleaded petrol from R19.32 to R20.13, and 95 unleaded petrol from R19.54 to R20.35.
