Huge petrol price increase expected in South Africa

Petrol hike prices
Petrol hike prices

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Huge petrol price increase expected in South Africa. This is according to the AA, commenting on unaudited mid-month fuel price data released by the Central Energy Fund.

South Africans should “brace themselves” for further fuel price increases in April. “The projected basic fuel price increase is being billed as 98 cents for petrol, 70 cents for diesel, and 63 cents for illuminating paraffin,” said the AA.

Fuel solution

However, increases to the fuel levies “will push the prices at the pumps even higher when they come into effect in April”.

The total fuel price changes are therefore predicted to be:

  • Petrol – R1.18 increase
  • Diesel – R0.90 increase
  • Paraffin – R0.63 increase

The AA said this will push the proportion of taxes and levies on the fuel price to around 38% of the cost per litre in the case of 93 unleaded petrol.

Source: mybroadband

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