South Africa: Petrol to Rise By 45c Per Litre in March

28 February, 2009 in South Africa

source: allAfrica
BuaNews (Tshwane)
Michael Appel
27 February 2009

Pretoria — South African motorists will be forking out 45 cents more per litre of petrol from 4 March, while diesel drivers will enjoy a decrease of 38 cents per litre, the Department of Minerals and Energy reported on Friday.

The wholesale price of diesel with 0.05 percent sulphur content and 0.005 percent sulphur content will decrease by 38 cents a litre.

Speaking to BuaNews on Friday, Chief Economist at Nedbank Dennis Dykes said there had been some under recovery on petrol figures and that he had expected an increase of 40 cents or more in the petrol price.

Diesel on the other hand had an over recovery and he was expected a decrease of over 30 cents.

The increases in the Road Accident Fund (RAF) tax and government fuel levies, as announced by Finance Minister Trevor Manuel in his February 2009 Budget Speech, will come into play in April this year. Mr Dykes explained: “We can expect an additional increase of [continue reading]