The price of unleaded gasoline (both 93 and 95) will increase by 51 cents per litre on Wednesday, while diesel will increase by R1.43 per litre.
TAccording to News24, his will increase the price of diesel in Gauteng to R25.49 per litre, a new record high. Gauteng’s diesel price was approximately R17.20 per litre a year ago.
On Wednesday, gasoline 95 will cost R22.87 per litre in Gauteng, compared to R19.54 a year ago.
A litre of illuminating paraffin will cost 77 cents more.
As oil is priced in US dollars, local fuel costs depend on global oil prices and the rand/dollar exchange rate.
This was the result of a prolonged strike at French oil refineries, whereas the United States has record-low diesel inventories for this time of year.
READ MORE: Next month’s diesel and petrol prices look bad, painful
Continuing railway issues in South Africa have led to an increase in truck deliveries, which has fueled the local demand for diesel.
Eskom’s efforts to fuel its emergency generators have been hampered by a lack of diesel, which has also contributed to load shedding.
On Wednesday, the maximum retail price for LP gas will rise by 98 cents per kilogram.
