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For once, wouldn’t it be nice if we woke up to the news that the petrol price had dropped by record levels?

But the computer says no, so you might want to fill up your tanks before the end of the day unless you want to pay an extra R1,71 per litre. Both grades of petrol (93 and 95) will be increased.

This means 93 unleaded will cost R24.14 per litre inland, and 95 unleaded will cost R24.54. Closer to the coast, 93 unleaded will cost R23.42 per litre and 95 unleaded will cost R23.82. The wholesale price of diesel will also increase by R2.84 per litre.

This is the highest increase since July 2022.

And just in case the poorest haven’t been done in by skyrocketing prices enough, illuminating paraffin will also go up by R3.70 per litre. The large fuel price hikes are largely due to the increase in the price of Brent crude oil and the weakening rand/dollar exchange rate.

The price hike is also to accommodate a five-cent wage increase for pump attendants, administrative staff and cashiers at service stations, as well as to make up for Russian shenanigans in addition to the Northern Hemisphere beginning to stockpile for winter.

We know it sucks, but at least we’re all in this together.

[source:capetalk]