Hey boys and girls- fresh on the heels of the last increase comes yet another rise in the price of petrol.
You can expect to be paying 14 cents a litre more for petrol, while diesel prices will rise by about 4 percent on 5th May, the government said on Friday.
The department of energy said in a statement the pump price for 95 grade petrol will rise to 8.72 rand a litre in the main inland commercial region. The wholesale diesel price will be 7.81 rand a litre in the same province, that includes Johannesburg and capital Pretoria.
Apparently all of the increases are due to the fact that South Africa is a net importer of oil and thus adjusts its fuel price each month to account for changes in the rand exchange rate, the international oil price and government levies.