The Department of Energy has published the final petrol price changes for October 2019.
According to the department, the large difference between the prices of the 93 and 95 grades of petrol is because of a recalculation in the basic fuel price (BFP) for each category.
The changes are as follows:
Petrol 93 will decrease by 4 cents per litre
Petrol 95 will increase by 18 cents per litre
Diesel will increase by 25 cents per litre (both grades)
Illuminating paraffin will increase by 25 cents a litre.
In terms of the working rules to administer the BFP, the differentials between 95 and 93 petrol grades are adjusted at the beginning of each quarter. The BFP differentials between 95 and 93 petrol grades have changed and therefore there are different price adjustments between the two grades.
The price increase for most grades of petrol and diesel is largely a result of higher international petroleum product costs, arisin
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