Share

Consumers must brace for petrol pain, says AA

Cape Town - An increase in the fuel levy together with international petroleum price hikes mean consumers should be ready for a stiff fuel price increase in April, according to the Automobile Association (AA).

"Including the additional 30c a litre fuel levy, petrol is likely to see an increase of up to 83c a litre, with diesel up around 95c a litre," the AA said in a statement on Wednesday.

"Although the rand/US dollar exchange rate has firmed in the rand's favour over the past few weeks, the strengthening of international petroleum product rises has outstripped the rand's gains."

The association also said the fuel price is subject to considerable risk.

"If oil prices continue to climb, South African motorists can expect substantial fuel price increases," said the AA.

"Any associated deterioration in the exchange rate will add more pressure. A combination of sustained oil strength, and a ratings downgrade before year end, would be very negative for motorists."

The Department of Energy will announce the petrol price adjustment on April 1.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
+0.5%
Rand - Pound
23.60
+1.0%
Rand - Euro
20.32
+0.3%
Rand - Aus dollar
12.24
+0.5%
Rand - Yen
0.12
+0.4%
Platinum
943.20
-0.8%
Palladium
1,035.50
+0.6%
Gold
2,388.72
+0.4%
Silver
28.63
+1.4%
Brent Crude
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders