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More Painful Petrol, Diesel Hikes Confirmed For Wednesday

Motorists can expect hikes of over R1 for all grades of fuel from Wednesday.

From Wednesday, consumers will pay between R1.08 and R1.14 more for petrol at the pumps.

The Department of Mineral Resources and Energy said that diesel would increase by between R1.93 and R1.96 a litre

Wholesale paraffin will increase by R1.51 a litre and retail, R2.02.

The maximum price of LP gas will increase by R2.50 per kilogram.

Department spokesperson, Robert Maake: “The reasons for these increases are as follows: the higher oil prices during the period under review, which led to higher prices or petroleum products; there is a shortage of diesel in the market globally; the rand’s weakness against the US dollar and contributed around 22 to 26 cents per litre.”