March 1, 2011. There will be a steep petrol price hike of 43c a litre across all grades at midnight tonight, the Department of Energy and Minerals says.
The price of diesel is set to increase by around 60c a litre, while illuminating paraffin goes up by 90c a litre.
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“This increase in international crude oil prices mainly culminates from the current political turmoil in the Middle East and North Africa which has a severe impact on crude oil supplies,” the Department said.
According to Fin24, the increase in the prices of diesel and illuminating paraffin was due to the high demand for heating fuels in America and Europe.