Johannesburg, South Africa (DT) – South Africa’s government said that the petrol pump price would increase by up to 19 cents a liter and the diesel price would rise by up to 10.50 cents a liter from January 1.
South Africa’s fuel prices are adjusted monthly due to factors including global oil prices and the rand exchange rate. Motorists will face higher fuel costs at the pumps starting January, as South Africa implements its first fuel price adjustments of the New Year.
These changes, effective from January 1, reflect a combination of global market trends and domestic economic factors.
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The Department of Mineral and Petroleum Resources has confirmed that the price of 93-octane petrol will increase by 19 cents per litre, while the price of 95-octane unleaded petrol will rise by 12 cents per litre. Additionally, diesel prices will see a hike of up to 10.50 cents per litre, further impacting transport and logistics sectors.
The monthly fuel price adjustments, influenced by global oil prices and the rand’s exchange rate, are a standard measure to align domestic prices with international market conditions. These increases come at a time when motorists are already grappling with rising costs, adding further strain to household budgets.
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