• Privacy Policy
  • Advertising
  • Contact Details
Newcastillian News
  • KZN News
    • Municipal
    • Roads & Traffic
    • Weather Updates
    • Events
    • Crime
    • SAPS
    • Politics
  • Local News
    • People
  • Sponsored
  • South Africa
    • Government
    • Travel & Tourism
    • Employment & Labour
    • SARS
    • Legislation
    • Tech
  • Medical
    • Health & Wellness
    • Healthcare
    • Covid-19
  • Business
    • Companies
    • Economy
  • Education
    • Schools
  • Life & Style
    • Animals & Pets
    • Parenting
    • Arts & Culture
    • How To
    • Charity
    • Opinion
    • Religion
  • Sports
    • Angling
    • Cycling
    • Golf
    • Motoring
    • Soccer
    • Striking
    • Rugby
    • Striking
    • Tentpegging
    • Wrestling
No Result
View All Result
KZN News │ Newcastillian News
  • KZN News
    • Municipal
    • Roads & Traffic
    • Weather Updates
    • Events
    • Crime
    • SAPS
    • Politics
  • Local News
    • People
  • Sponsored
  • South Africa
    • Government
    • Travel & Tourism
    • Employment & Labour
    • SARS
    • Legislation
    • Tech
  • Medical
    • Health & Wellness
    • Healthcare
    • Covid-19
  • Business
    • Companies
    • Economy
  • Education
    • Schools
  • Life & Style
    • Animals & Pets
    • Parenting
    • Arts & Culture
    • How To
    • Charity
    • Opinion
    • Religion
  • Sports
    • Angling
    • Cycling
    • Golf
    • Motoring
    • Soccer
    • Striking
    • Rugby
    • Striking
    • Tentpegging
    • Wrestling
No Result
View All Result
KZN News │ Newcastillian News
Home Business Economy

Major petrol price increase on 1 February

Quinton Boucher by Quinton Boucher
1 Feb 2022
in Economy, Government, South Africa
Reading Time: 2 mins read
0
Petrol Prices in South Africa - Sky High

Estimated reading time: 2 minutes

South African motorists are expected to feel the pinch at the pumps from Tuesday, 1 February 2022, when the prices of all grades of petrol and diesel are expected to rise.

Fuel prices are expected to increase as follows:

  • Petrol (both 93 and 95 ULP and LRP): 53 cents per litre increase;
  • Diesel (0.05% sulphur): 79.84 cents per litre increase;
  • Diesel (0.005% sulphur): 78.84 cents per litre increase.
Advertise Your Business Here
ADVERTISE HERE – CONTACT US

Wholesale illuminating paraffin is also expected to increase by about R1.01 per litre, and the single maximum retail selling price of illuminating paraffin will increase by R1.35 per litre.

The Mineral Resources and Energy Department said a myriad of local and international factors contributed to the higher fuel prices, including an increase in the cost of Brent Crude Oil and increased import costs.

“Economic recovery even though still slow, is stronger than expected while on the other hand crude oil supply is lagging behind. Travelling continued in general globally, amid fears posed by COVID-19 omicron variant, due to higher vaccination rates as compared to the previous variants. As a result, the less strict lockdowns led to continued increase in demand for oil.”

Moreover, the Department says concerns regarding the tension between Russia and Ukraine have negatively affected crude oil prices as the area is a crucial oil and gas infrastructure hub.

What are your thoughts on the matter? Share your views in the comment section below.

RELATED NEWS

  • More lockdown restrictions expected this week
  • SAPS confiscate over 200 mandrax tablets
  • This is why Diesel prices are about to jump R1.48 per litre
  • Large jump in Petrol prices as of 1 December 2021
  • Here are the new fuel prices for Wednesday’s drop
Tags: Brent Crude OilDepartment of Mineral Resources and EnergyDieselDiesel PricesParaffinPetrolPetrol PricesPrice hike
ShareTweetSend
Previous Post

Traffic boss on coffee-drinking officers and Newcastle chaos

Next Post

Asymptomatic COVID-19 patients will no longer have to isolate

Related Posts

AA breaks down petrol prices in South Africa
South Africa

AA breaks down petrol prices in South Africa

by Quinton Boucher
23 May 2023
4

In May 2023, the GFL and RAF levies together amount to R6.14 per litre of petrol sold in the country,...

Petrol Fuel
South Africa

Fuel price changes from tomorrow, 3 May

by Quinton Boucher
2 May 2023
4

The Department of Mineral Resources and Energy (DMRE) has announced the official fuel price changes for the month of May...

inflation

Inflation hits 7.1% in March driving up food and household expenses

20 Apr 2023
Petrol Fuel

Fuel prices will jump significantly tomorrow (Wednesday)

28 Feb 2023
Fuel Gauge Petrol Diesel

Significant drop in fuel prices tomorrow

3 Jan 2023
Next Post
Asymptomatic

Asymptomatic COVID-19 patients will no longer have to isolate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

CATEGORIES

RECENT COMMENTS

  • Corrine barnes on NKZN paramedic fatally shot while heading home
  • Senzo on Sumitomo Rubber SA’s CEO addresses strike action at Ladysmith plant
  • jiki-jiki on Sumitomo Rubber SA begins dismissing participants in protest
  • Shawn Vermaak on Newcastle SPCA rescues 28 caged dogs from poor living conditions
  • Wendy Bezuidenhout on Chelmsford Nature Reserve challenged by poaching and resource constraints
  • Tertius Dreyer on Chelmsford Nature Reserve challenged by poaching and resource constraints
  • Ghost on Newcastle Municipality makes breakthrough in long-standing sewage issues
  • Ashen Mahabeer on Chelmsford Nature Reserve challenged by poaching and resource constraints
  • CULLUM CULLUM on Chelmsford Nature Reserve challenged by poaching and resource constraints
Newcastillian News Logo 2022 png

NEWCASTILLIAN NEWS

is an independent news product focused on Northern KwaZulu-Natal with overflow into the province.

IMPORTANT LINKS

  • Privacy Policy
  • Advertising
  • Contact Details

SEARCH

No Result
View All Result
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

© 2022 Newcastillian News - KwaZulu-Natal by Pixelfish Marketing Solutions.

No Result
View All Result
  • KZN News
    • Municipal
    • Roads & Traffic
    • Weather Updates
    • Events
    • Crime
    • SAPS
    • Politics
  • Local News
    • People
  • Sponsored
  • South Africa
    • Government
    • Travel & Tourism
    • Employment & Labour
    • SARS
    • Legislation
    • Tech
  • Medical
    • Health & Wellness
    • Healthcare
    • Covid-19
  • Business
    • Companies
    • Economy
  • Education
    • Schools
  • Life & Style
    • Animals & Pets
    • Parenting
    • Arts & Culture
    • How To
    • Charity
    • Opinion
    • Religion
  • Sports
    • Angling
    • Cycling
    • Golf
    • Motoring
    • Soccer
    • Striking
    • Rugby
    • Striking
    • Tentpegging
    • Wrestling

© 2022 Newcastillian News - KwaZulu-Natal by Pixelfish Marketing Solutions.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?