Brace yourselves as the petrol price passes R20/litre

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Per week in the past, we reported that the worth of gas was about to surge past R20 a litre and so right here we’re, numbers in hand and security belts fixed for a wild trip on the pumps.

The value of petrol, each 93- and 95-octane, will improve by 53c a litre, with the worth of diesel growing by round 80c a litre. The value of illuminating paraffin will see a R1,01 per litre improve and the utmost retail value for LPG shall be lowered by R1,24.

Our gas costs in South Africa are decided by the dollar-rand worth resulting from the truth that we buy oil in {dollars}. Stronger world demand for Brent Crude oil, in addition to the journey sector seeing additional development have seen the worth of oil improve – one other issue to think about right here.

Gwede Mantashe, Minister of Mineral Assets mentioned, “Considerations relating to the stress between Russia and Ukraine have additionally affected crude oil costs negatively as the realm is a vital oil and gasoline infrastructure hub.”

It’s price noting that the strengthening of the rand in opposition to the greenback over the previous month has helped to restrict the impression of the rise in Brent Crude pricing.

February 2022 gas pricing shall be as follows;

95 Octane – R20,14
93 Octane – R19,89
500 PPM diesel – R18,04
50 PPM diesel – R18,07
Illuminating Paraffin – R11,97