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Petrol price increases by 54 cents on May 01

Fuel price increase.
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Motorists will fork out more for petrol as fuel prices are set to increase next month.

As of May first, the price of petrol will increase by 54 cents a litre. A litre of diesel will increase by one cent, while a litre of illuminating paraffin will increase by three cents.

The Department of Energy says various international factors including the increase in oil prices are contributing to the latest spike.

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