Fuel price increases could be imminent

Thursday, April 08, 2010

Petroleum retailers pushing for an upward review of fuel prices are hoping that the next meeting of the Department of Energy Affairs scheduled for this week will result in improved profit margins for their businesses.

The Ministry of Minerals, Energy and Water Resources' department is scheduled to hold its monthly meeting on unit rates this week. Representatives of petroleum retailers due at the meeting will be hoping to push through the first review of fuel prices since August 1, 2009.

Petrol prices in South Africa rise today by between 48 and 49 cents a litre, pushed upwards by higher international crude prices but slightly held back by the stronger Rand against the greenback.

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