The retail price of all grades of petrol will increase by 22 cents per litre (c/l) on Wednesday August 1‚ the Department of Energy announced on Friday.
The price of 0.05 percent sulphur diesel will rise by 14.62c/l‚ while that of 0.005 percent sulphur diesel will go up by 15.62c/l.
During the period under review‚ the average international product prices of petrol‚ diesel‚ and illuminating paraffin increased.
The average rand/dollar exchange rate strengthened when compared to the previous period‚ the CEF reported.
The average rand/dollar exchange rate for the period June 29 to July 26 was 8.2657 compared to 8.4189 during the previous averaging period.
The strengthening of the rand against the dollar reduced the contribution to the basic fuels price on petrol‚ diesel and illuminating paraffin by 11.51c/l‚ 12.17c/l‚ and 11.96c/l respectively.
Petrol 95 ULP octane in Gauteng will now cost R11.04 a litre‚ while at the coast it will cost R10.69 per litre.
The single maximum national retail price for illuminating paraffin will increase by 20c/l to R9.91 per litre.
The maximum refinery gate price for liquid petroleum gas will be R8‚051‚41 per metric ton
Nigeria is seeking to boost diplomatic relations with SA to the same level as its trade relations.
African Bank extended its losses on the JSE as the market stressed over the scale of its soured debt.
"We are fully behind workers' demands as they are reasonable... The employer is drunk with profits..."
