Ouch! Petrol price to sky-rocket on Wednesday, says AA

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'There will be an additional 15c a litre on the fuel levy and 5c a litre for the Road Accident Fund.'

April will be a dark month for motorists as fuel price increases kick in on the first Wednesday of the month, on top of new levies from April 1.Strong oil prices and an ever-weakening rand have combined to set up another massive fuel price hike. This is according to the Automobile Association , which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.

Given the latest data, petrol is expected to increase by R1.28 a litre, diesel by 77c and illuminating paraffin by 56c. Diesel and illuminating paraffin have come off comparatively lightly, with increases of 57c and 56c a litre respectively. But the petrol price has been battered by both product price increases and the weakening rand, yielding an increase of R1.08 a litre, excluding the additional levies.

 

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