petrol price to rise by 66c
28 March 2008

The retail price of petrol will increase by between 66c and 68c a litre on Wednesday 2 April, the Department of Minerals and Energy announced.

This is after increasing by 61c per litre last month and 17 cents the month before. The department said that 91 octane unleaded petrol would go up by 68 cents a litre while 93 octane unleaded and lead replacement petrol will go up by 67 cents a litre and 95 octane by 66 cents a litre.

The wholesale price of diesel 0.005 percent sulphur will increase by 130 cents a litre. The wholesale price of illuminating paraffin will increase by 118 cents a litre, while the single maximum national retail price for illuminating paraffin will increase by 157 cents a litre.

The retail price of a litre of 95 octane unleaded petrol in Gauteng increases to 891c/l and to 867c/l at the coast, new highs.

During the period under review, the average international product prices of petrol, diesel and illuminating paraffin increased.

The average rand/dollar exchange rate weakened when compared to the previous period. The average rand/dollar exchange rate for the period 29 February 2008 to 27 March 2008 was 7.9884 compared to 7.6645 during the previous period.

I-Net Bridge,  http://business.iafrica.com