Motorists can brace themselves for another whopping increase in the petrol price next week. The price of both 93 and 95 octane petrol will increase by 67 cents per litre on Wednesday‚ the Department of Energy said. Diesel will increase by 44c/l and the wholesale price of illuminating Paraffin by 49c/l. The retail price of LP Gas will go up by 86c/kg. Last month‚ the petrol price went up by 19c/l. The department attributed the latest fuel price hike to the rand depreciating on average against the US dollar during the period under review‚ an increase in the international prices of petroleum products‚ and an annual increase in the wages of forecourt staff. “The Minister of Energy‚ Ms Mmamoloko Kubayi has approved an increase in the retail margin of petrol of 4.6cpl to cater for the salary increase of 8.0% for pump attendants and 7.0% for cashiers and 7.5% for other administration staff in line with the Motor Industry Bargaining Council (MIBCO) agreement of 18 November 2016. This money ...
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