South Africa’s Petrol Pump Price Increases By 1%

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Less than a week after Nigeria announced petrol pump price increase of N151.56 per litre, up from the N138.60 it sold in August, South African yesterday said the two grades of petrol in South Africa93 (ULP and LRP) 95 (ULP and LRP) in Gauteng, will increase by one cent a litre.

South Africa’s Department of Mineral Resources and Energy (DMRE announced yesterday that a litre of 95 ULP in Gauteng, which currently costs R15.17, will increase to R15.18 a litre.

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The department said there would be a one-cent increase in both grades of 93 (ULP and LRP) 95 (ULP and LRP) in Gauteng. SA News reported that both grades of diesel (0.05% Sulphur and 0.005% Sulphur) will decrease by 21 cents a litre.

The report also informed that price of illuminating paraffin (wholesale) will decrease by 26 cents.

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The price of illuminating paraffin (SMNRP) will decrease by 35 cents, while the maximum retail price for liquefied petroleum gas (LPG) will increase by 36 cents per kilogram.

The Department of Mineral Resources and Energy (DMRE) said the average international product prices for petrol, diesel and illuminating paraffin decreased during the period under review.

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In Nigeria, following the deregulation of the downstream sector and the removal of fuel subsidy by the Nigerian federal government, the PPPRA had said that it would on a monthly basis, advise the NNPC and the oil marketers on the guiding retail price at which petrol would be sold across the country.

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