Fuel prices going up on 4 September, weak rand main reason

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Fuel prices are set to go up on Wednesday on the back of a weaker rand, the Department of Energy announced on Monday.

Petrol price (95 ULP and LRP as well as 93 ULP and LRP) will now cost 11 cents more per litre.

Diesel will go up by 26 cents per litre, while the wholesale price of illuminating paraffin will increase by 24 cents a litre.

However, maximum LPGas retail price will decrease by 16 cents per kilogram.

The department will publish the schedule for the different zones on Tuesday.

The department attributed the increases mainly to a weaker rand, which depreciated from R14.05 to R15.15 to the dollar during the period under review.

The upward adjustments come despite a decrease in the average price for Brent Crude Oil from USD64.10 to USD58.80 per barrel in the same period.

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