Motorists and fleet owners will have to fork out more at the pumps when the latest fuel price increases take effect on Wednesday, 6 November.
The Department of Petroleum and Mineral Resources announced the latest raft of fuel price hikes in a statement on Monday after conflict between Iran and Israel drove the international price of oil price higher in recent weeks.
The price of 93 and 95 unleaded petrol will increase by 25c a litre, while the wholesale price of diesel (0.005%) will go up by 20c and the wholesale price of diesel (0.05%) will increase by 21c a litre.
The wholesale price of illuminating paraffin will increase by 21c a litre and the maximum LP gas retail price will rise by 36c/kg.
The latest price increases come after fuel prices were cut last month to the lowest levels since February 2022 when Russia invaded Ukraine, leading to supply-chain disruptions that drove up global oil prices.
The department said in its statement that the average Brent Crude oil price rose from $72.82 a barrel to $75.07 in October.
"The main contributing factor is the continued conflict in the Middle East and the stand-off between Iran and Israel," the department said.
In October the rand traded on average at R17.53/$, compared with R17.68 in September. However, the department said the slight improvement in the rand exchange rate was insufficient to counter the stronger oil price.
