Here’s how much more you’re paying for fuel than a year ago

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Filling a 50-litre petrol tank is R107.50 more than in January 2019, while a tank of diesel is an extra R75.50

The petrol price dropped in January, but is still R2.15 a litre higher than a year ago. Picture: SUPPLIED

The new year started happily for drivers of petrol cars when fuel prices dropped, though diesel owners were hit by a 9c a litre increase. However, all motorists are paying substantially more for fuel than they did a year ago. Inland pump prices are now R16.16 for a litre of 95 octane unleaded petrol and R14.67 for 50 ppm diesel.tank costs R107.50 and R75.50 more compared with a year ago. The good news is that the latest prices are still lower than their peak in 2018, at R17.08 for a litre of 95 unleaded and R16.12 for 50 ppm diesel.

Fluctuations in the international oil price and the rand/dollar exchange rate see fuel prices adjusted monthly by the Central Energy Fund . June 2019 also saw the introduction of a carbon tax levy, which added 9c/The best advice to beat high fuel bills is to buy a more economical car, but even owners of gas guzzlers can keep their driving costs down by accelerating smoothly, ensuring the tyre pressures are correct, avoiding rush hour and shifting gears sooner.

 

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