South Africa Warns its Citizens of Huge hike in petrol, diesel prices.

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The pump price of petrol will rise by 52 cents a litre (c/l) for all grades, while diesel will increase by a whopping 76c/l, the department of energy announced on Monday.
The main reasons for the spike are the continued upward march of international petroleum prices and the weakening rand/US dollar exchange rate.


Last month, petrol 95 (both ULP & LRP) went up by 88c/l and 93 (both ULP & LRP) increased by 86c/l.
The wholesale price of illuminating paraffin will increase by 62c/l, while the single maximum national retail price will increase by 83c/l.

The maximum retail price of LP gas will also go up by 98 cents per kilogram.
The Automobile Association (AA) warned on Friday that motorists should brace themselves for further spikes in the coming months.

The combination of firmer oil prices and a weaker rand has exposed the consumer to the full force of oil's strength, the AA said.

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