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Astron Energy’s Cape Town refinery supplies Caltex service stations.
Mineral Resources and Energy Minister Gwede Mantashe announced a series of fuel price increases Thursday night, with 93 unleaded gasoline increasing by 95 cents per liter and 95 unleaded gasoline increasing by 100 cents per liter, pushing the price firmly into R17 territory. 00 per liter.
The announcement beat projections from the Automobile Association, which said this week that it expected a record increase of 73 cents per liter. The increase in the price of fuel will take effect from April 7.
A statement from the Department of Mineral Resources and Energy said the Rand depreciated against the US dollar over the past month compared to February, leading to higher contributions to basic gasoline fuel prices.
“The dramatic price fluctuations are attributable to a variety of events, including low US crude oil inventory figures, the expected increase in economic activity in the US due to the approval of its economic stimulus and a ship stuck in the Suez Canal that caused cargo containers, including tankers, to delay, “the statement read.
The cost of high sulfur diesel will increase by 65.20 cents per liter, while diesel with 0.005% sulfur will increase by 63.20 cents per liter and wholesale lighting paraffin will increase by 34.80 cents per liter.
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