Friday, October 30, 2009

Petrol price remains unchanged

By Ofentse Mokae
30 October 2009

The Department of Energy had good news for motorists today when it announced that the price of petrol will remain unchanged next month.

In an interview with the station, Bheki Khumalo departmental spokesperson says the reason for this was the strength of the crude oil price.

“The price of petrol all grades will not increase this month, this is because the international crude oil price started strengthening towards the latter part of the month and there was a lot of over recovery,” Khumalo said.

However, diesel prices will increase between eight and 10 cents a litre. Wholesale paraffin increases by 14 cents and illuminating paraffin by 19 cents per litre.

“But nevertheless I think we are monitoring these prices going forward and we will see how they turn out,” Khumalo added.

The Department says that during the period under review, the average international product prices of petrol, diesel and illuminating paraffin had increased.


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