Pressure at the pumps: petrol expected to hit R21/litre
The Automobile Association of South Africa (AA) is predicting an increase of R1.25/l for 95 octane petrol, R1.24/l for 93 octane, R1.29/l for diesel
Motorists will have to brace themselves for more fuel price increases next month.
The Automobile Association of South Africa (AA) is predicting an increase of R1.25/l for 95 octane petrol, R1.24/l for 93 octane, R1.29/l for diesel and a significant increase of R1.22/l for illuminating paraffin.
The AA is commenting on fuel price data released on Friday by the Central Energy Fund (CEF).
‘The rand is trading in a more positive band than it has for some weeks, with the local currency shaving around 17 cents off oil’s negative movement.
‘Without this, the expected increases could have been between R1.40/l and R1.47/l for fuels across the board,’ said AA spokesperson Layton Beard.
The current prediction will place petrol prices above R21/l for the first time, with 95 octane petrol in Gauteng costing around R21.39/l and 93 octane petrol costing R21.13/l, outstripping the record high of R20.42/l in December last year.
‘The coastal price of 95 octane will also breach the R20/l mark for the first time, rising to R20.67/l based on the current data. Diesel and illuminating paraffin will also increase to levels never before seen,’ said Beard.
The association has renewed its call for the Minister of Finance to not increase the General Fuel and Road Accident Fund levies in his upcoming budget speech.
‘Any relief – even in the form of non-increases – would be welcome to a consumer base already reeling from economic hardship,’ said Beard.
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