South Africa Petrol Price Rises to $1.2 Per Litre

THE RETAIL PRICE OF A CERTAIN GRADE OF petrol, in some part of South Africa, rose to $1.2 per litre in February 2008, a whopping 15% increase after moving up by 4% in January.

The wholesale price of diesel and 0,005 per cent sulphur increased by 10%. In the last one year, the price of diesel has jumped 55% to $1.1 25 per litre. The wholesale price of illuminating paraffin also increased by 10%, while the single maximum national retail price for illuminating paraffin increased by 12 percent. The prices are priced per litres The retail price of a litre of 95 octane unleaded petrol in Gauteng increased to $1.2 per litre and to $1.1 per litre at the coast – new highs. During the period under review, the average international product prices of petrol, diesel and illuminating paraffin increased.


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