This is the result of rising oil prices, which have been pushed higher by supply issues and improved consumer confidence in the US.
The petrol price is adjusted on a month to month basis, based on movements in a basket of international oil products, according to Business Report.

Oil was trading at $114.43 per barrel on Tuesday.

The extent of the increase was indicated by the average under-recovery on local fuel, which was just over 78c, the report said.
The increase could lead to motorists paying up to R11.47/litre in coastal areas, and R11.82/litre in Gauteng.

Aug 21 2012

Darul Ihsan Media Desk