Cape Town – The petrol price will go up by 93c/l next Wednesday, while diesel will cost 69c/l more.

The steep 8.4% increase that kicks in at midnight on 5 September is to partly to finance wage increases for pump attendants at garages, the energy department said on Friday.

The latest shock hike brings the price of 95 grade petrol in the inland commercial region of Gauteng to R11.97 a litre and R11.62 at the coast.

The wholesale diesel price will also go up by about 6.7% to R10.95.

This latest petrol increase is also the result of rising oil prices, which have been pushed higher by supply issues and improved consumer confidence in the US.