R20 a litre for petrol before year end is looking plausible, AA says

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South Africa Headlines News

If the November fuel price prediction rings true, motorists will be paying 30% more for petrol than they did in January and 56% more than five years ago.

Johannesburg - South African motorists are potentially facing fuel price increases of “catastrophic proportions”, with diesel looking set to see its largest hike ever, the Automobile Association said.on Monday, unaudited mid-month data is pointing towards a petrol price increase in the region of R1 per litre, while diesel and illuminated paraffin are looking set to rise by around R1.40. This would bring the price of a litre of 95 Unleaded up to around R18.60 at the coast and R19.

"The hikes in diesel and illuminating paraffin would be the largest in South African history, bearing in mind that this is only based on half a month's data,” the AA said. “R20 a litre for petrol is now a realistic scenario before the end of 2021". The association said it saw little hope of improvement in the fuel price situation before the end of October, with Brent Crude having recently broken through the $85 per barrel mark. Despite US President Joe Biden having called on the OPEC+ oil cartel to raise output with the hope of stabilising prices, the AA does not expect the oil price situation to improve in the short term.

The association has also raised concerns about upcoming changes to the Slate Levy for South African fuel.

 

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It’s time for citizens to take to the streets😳we supply Namibia with Diesel but theirs is at least R5 cheaper😳what msonery is this?

Time to Carpool 🤦🏾‍♀️

Don't blame us on the roads when we will be driving 60km please, we will be saving petrol. Malapa ga lekane. We will step aside on the left. 😭😭😭😭

November we need 2 get rid of the ANC honestly

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I’m sure one can make their own fuel 🤔

Do we blame Ramaphosa, ANC or the Pandemic?

But guys seriously when will people get pissed off by Ramaphosa why is it because is he has support from white people? Is it because he has mainstream media back up who they always cover up for him? Can't you guys see this guy is destroying our country, the guy is worst

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Ramaphosa euphoria … gone like that media is even mute about the RAND and Moody Junk what what…😏

Thank you Cyril, can you not cut the taxes on fuel CyrilRamaphosa

New Down

Your business will no longer be profitable mos considering Uber takes a big share Matodzis

Hlulanani November SA will be Zim 2.0 confirmed

And the first thing that will happen is Eskom will run to Nersa for an electricity rate increase because they're burning Diesel like it's nobody's business to keep loadshedding away during election time. Watch this space...

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