More fuel price misery awaits SA motorists

More fuel price misery awaits SA motorists

2021-07-30 10:58:00 PM

More fuel price misery awaits SA motorists

Fuel prices in August will be between 20% and 30% higher than January

30 July 2021 - 13:59Staff WriterThe inland price of unleaded 95 petrol cost R14.86 a litre in January compared to the expected new price of around R18.22 in August. Picture: SUPPLIEDThe petrol price reached a record high this month and things are about to get worse.

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Motorists can expect further hefty price hikes when the monthly fuel price adjustment takes place on Aug. 4, with the Automobile Association (AA) expecting petrol to go up 83c/l,diesel by 48c and illuminating paraffin by 48c.Commenting on unaudited month-end fuel price data released by the Central Energy Fund , the AA said the average rand/US dollar exchange rate consistently trended upward during July and the weaker local currency will make it more expensive for SA to import fuel.

Over the same period, international oil prices averaged higher, despite a mid-month pullback.The association says the new increases will mean the price of petrol will have climbed nearly 23% since January, the diesel price about 20% and illuminating paraffin about 30%. headtopics.com

 The inland price of unleaded 95 petrol cost R14.86/lin January compared to the expected new price of about R18.22 in August.In January a litre of diesel cost R13.00 compared to the expected price of R15.56/l, while illuminating paraffin is expected to rise to about R9.61 compared with R7.39 in January. 

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