Here are your official petrol prices for June 2018

The Department of Energy has released its petrol prices for June and motorists can expect an increase in petrol prices because of a number of factors.

The department confirmed that the price of petrol has been increased by 82 cents per litre for 95 and 93 ULP and between 85 and 87 cents per litre for both grades of diesel.

Illuminating paraffin is going up by 82 cents a litre, the department said.

Some of the reasons for the increase include:

1. The contribution of the Rand/US Dollar exchange rate

The Rand depreciated, on average, against the US Dollar (from 11.99 to 12.51 Rand per USD) during the period under review. The Rand’s movements were mainly influenced by global factors.

2. The increase in the prices of crude oil

The average Brent Crude oil price increased from 70.88USD to 77.00USD per barrel during the period under review. The main reason for the higher crude oil prices is the sustained production cuts by the Organization of the Petroleum Exporting Countries (OPEC).

3. Import prices of petroleum products

The international prices of petroleum products increased on average during the period under review. This was in line with the higher crude oil prices.

The 93 octane petrol price will be R15.54, R15.79 for 95 octane, diesel (0.05% sulphur content) will hit R14.19.

Adjustments:

  • Petrol 93 ULP and LRP – 82 cents per litre increase
  • Petrol 95 ULP and LRP – 82 cents per litre increase
  • Diesel 0.05% Sulphur – 85 cents per litre increase
  • Diesel 0.005% Sulphur – 87 cents per litre increase
  • Illuminating Paraffin (wholesale) – 82 cents per litre increase
  • Maximum LP Gas retail Price – 138 cents per litre increase

Petrol and diesel prices for June 2018:

  AUTHOR
Caxton Central

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