Motorists will be hit with fuel price increases across the board on Wednesday.
The Central Energy Fund (CEF) has confirmed the retail price of 93 and 95 octane petrol will increase by R1.21/l while the wholesale diesel price will rise by R1.06 (0.05% sulphur) and R1.19 for (0.005%). Illuminating paraffin increases by 64c/l.
The latest increases follow fuel price hikes in February and are attributed to a weakening rand and higher international oil price.
“While the weaker rand is contributing a small margin to the under-recovery and increase in prices expected, the overall picture looks bleak and consumers will feel the pinch,” said the Automobile Association.
Some good news for consumers is that the two main levies on fuel — the General Fuel Levy and the Road Accident Fund levy — will not increase for the third consecutive year.
From March 6 this is what motorists will pay for fuel:
Inland:
93-unleaded — R24.13
95-unleaded — R24.45
Diesel 0.05% — R22.42 (wholesale)
Diesel 0.005% — R22.61 (wholesale).
Coast:
95-unleaded — R23.73
Diesel 0.05% — R21.70 (wholesale)
Diesel 0.005% — R21.91 (wholesale).
Fill up: Fuel price increases hit on Wednesday
All grades of petrol and diesel will go up by more than R1 per litre
Image: File pic
Motorists will be hit with fuel price increases across the board on Wednesday.
The Central Energy Fund (CEF) has confirmed the retail price of 93 and 95 octane petrol will increase by R1.21/l while the wholesale diesel price will rise by R1.06 (0.05% sulphur) and R1.19 for (0.005%). Illuminating paraffin increases by 64c/l.
The latest increases follow fuel price hikes in February and are attributed to a weakening rand and higher international oil price.
“While the weaker rand is contributing a small margin to the under-recovery and increase in prices expected, the overall picture looks bleak and consumers will feel the pinch,” said the Automobile Association.
Some good news for consumers is that the two main levies on fuel — the General Fuel Levy and the Road Accident Fund levy — will not increase for the third consecutive year.
From March 6 this is what motorists will pay for fuel:
Inland:
93-unleaded — R24.13
95-unleaded — R24.45
Diesel 0.05% — R22.42 (wholesale)
Diesel 0.005% — R22.61 (wholesale).
Coast:
95-unleaded — R23.73
Diesel 0.05% — R21.70 (wholesale)
Diesel 0.005% — R21.91 (wholesale).
Fuel prices look set to soar in March
No increase to general fuel levy
Consumers cannot afford fuel levy hikes, says AA
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos