Cape Town – The Department of Energy has confirmed that the price of petrol in Gauteng will increase by 49c per litre on May 3.
The statement, released on Wednesday, said the wholesale price of diesel (0.05% sulphur) would increase by 32c per litre and that of illuminating paraffin by 34c per litre.
The department of energy said this was due to the international product prices of petrol increasing during the recent period, as well as the rand having depreciated against the US dollar. The average rand/$ exchange rate for the period March 31 to April 25 was R13.5105 compared to R12.9148 during the previous period.
This will likely add to inflationary pressures and could hit the consumer's pocket hard.