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Hike in Brent crude oil price increases petroleum product prices - SABC News

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The Department of Mineral Resources and Energy announces fuel price hikes to take effect next week - petrol up by 37 cents per litre, diesel by 71 cents per litre, and illuminating paraffin by 95 cents per litre. FuelPriceHike Petrol Diesel Paraffin

The department’s Robert Maake says the changes will take effect from midnight on Tuesday. He says the rise in the price of Brent crude oil has necessitated the adjustments.

“The higher oil prices led to high prices of all petroleum products during the period under review. The rand appreciated against the dollar and cushioned prices by up to 27-cent per litre.” “LP gas is decreasing by 61-cents per kilogram due to lower prices of propane and butane during the period under review. The slate levy remains unchanged at zero in the price structures of petrol and diesel,” explains Maake.

 

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