Petrol price increases: You’ll pay this much at the tanks in February 2021
South African motorists face the daunting reality of steep petrol price increases for February 2021, and by the looks of trends in the oil markets, this could start a domino effect of increases for the most part of this year.
Petrol, diesel set for sharp increase from Wednesday 3 February 2021
Per EWN, the Energy Department revealed that a number of issues outside of their control attributed to the second rise in petrol prices in 2021.
“The rand depreciated against the US dollar during the period under review, on average, when compared to the previous period. The average rand/US dollar exchange rate for the period 31 December 2020 to 28 January 2021 was 15.0872 compared to 14.9391 during the previous period,” the department noted in a statement.
Consequently, the price of diesel (0.05% and 0.005%) will rise by 58c and 59c respectively. Petrol (93 and 95) will see the biggest increase with 81c more per litre, while illuminating paraffin will cost 59c more a litre.
Petrol price increases: What you will fork out at the tanks in February 2021
Based on these increases, this is how much it will cost you to fill up your tank from Wednesday 3 February 2021:
- Unleaded 95 inland: R15.67 x 60 litres = R940.20
- Unleaded 95 coastal: R14.97 x 60 litres = R898.20
- Unleaded 93 inland: R15.50 x 60 litres = R930
- Unleaded 93 coastal: R14.99 x 60 litres = R899.40
- Petrol LRP inland: R15.50 x 60 litres = R930
- Petrol LRP coastal: R14.99 x 60 litres = R899.40
- 50ppm inland: R13.62 x 60 litres = R817.20
- 50ppm coastal: R13.02 x 60 litres = R781.20
- 500ppm: R13.58 x 60 litres = R814.80
- 500ppm: R12.98 x 60 litres = R778.80