Hefty fuel price increase hits all-time high in South Africa

0
608

According to the Automobile Association (AA) a big increases in the landed prices of fuels are set to hit motorists hard at the end of April.

On the current data the AA announced that petrol is set for a rise of 41 cents a litre, diesel 48 cents, and illuminating paraffin 38 cents. In all of these increases, the movement in the exchange rate accounts for just four cents of the rise.

The Rand also weakened slightly against the US dollar in the first half of April, but the AA points out that the spike in international petroleum prices accounts for nearly the entire rise in fuel prices predicted by the mid-month data.

The predicted increase in May comes on the back of a 72 cents increase in April, meaning that, if it materializes, fuel prices will have increased by more than one rand in the space of two months – and would push the petrol price up to a new all-time high in South Africa.

This is what you can expect to pay in May:

LEAVE A REPLY

Please enter your comment!
Please enter your name here