Petrol price hikes fuel SA economic woes
FUEL prices rose sharply on Wednesday, with petrol going up by R1, or 6.2%, a litre. The 95 grade of petrol now costs a record high of R17.08 in Gauteng and R16.49 at the coast, while the wholesale price of diesel rose by R1.24 to R15.64 in Gauteng and R15.16 at the coast. The wholesale price of illuminating paraffin, used by millions of poor South Africans for cooking, jumped by R1.04 a litre. South Africa adjusts the price of fuel every month to take into account global oil prices and the rand exchange rate.