The retail price of petrol will remain unchanged in May, but the price of diesel is expected to increase, the department of minerals and energy said on Wednesday.
The retail price of petrol will remain unchanged in May, but the price of diesel is expected to increase, the department of minerals and energy said on Wednesday.
In a statement, the department said the price of diesel with a sulphur content of 0,3 per cent was expected to rise by two cents while that of diesel with a sulphur content of 0,05 per cent would increase by four cents a litre.
The department said the increases were based on the international prices for Brent crude oil moving between R206 and R234 per barrel.
It said, compared with the rand/US dollar exchange rate at the time of the previous fuel price review, the average rand value had strengthened by almost four per cent against the US dollar. The international prices of fuel had increased substantially too, thanks in part to the rand’s performance against the dollar.