South African motorists will be facing a significant uptick in fuel prices on Wednesday, with both 93 and 95 unleaded petrol slated for an increase of R1.71 per litre. Meanwhile, diesel users will be grappling with an even more substantial hike, as the wholesale price of diesel will surge by R2.84 per litre.
reports that the escalation in fuel costs paints a challenging picture for consumers. A litre of 95 unleaded petrol will soon command a price tag of R24.54, marking the highest level observed since August 2022. Simultaneously, the wholesale price of diesel will reach R23.05 per litre, marking a new pinnacle for 2023. For context, it’s worth noting that in July of the previous year, diesel prices hit a record high of R25.40.
The Department of Mineral Resources and Energy released a statement explaining the reasons behind these recent price hikes. They pointed out that the average price of Brent crude oil had surged from $79.75 per barrel to $84.78 over the past month. This spike was attributed to production cuts implemented by Saudi Arabia.Appreciate the beauty of Cape Town with a 60-minute cruise for R155 .
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