Comment by Paul Makube, Senior Agricultural economist at FNB Agri-Business
04 June 2018 – The South African consumer faces another hefty hike in fuel costs effective Wednesday June 6 according to the recent announcement by the Department of Energy. Petrol (95 ULP & LRP) and diesel prices will increase by 82 cents a litre for all grades and diesel by 85 and 87 cents a litre for the for the two grades (0.05% and 0.005% sulphur) respectively.
This means the 95 ULP petrol will reach a record high of R15.79 a litre and R15.20 a litre for the inland and the coastal areas respectively. The two grades of diesel will cost R14.19/ l and R13.70/ l respectively at wholesale level for the inland and the coastal areas.