On Friday, March 1, South African motorists started experiencing the pinch on their pockets with the 5% increase at toll gates. This was days ahead of the expected fuel and diesel price increase.
The current inland price for a litre of 95 octane unleaded petrol is R14.08. From Wednesday, this will rise to R14.82 per litre.
At midnight, the price of diesel will increase by up to 93 cents per litre.
From Wednesday, motorists will be paying 74 cents more for a litre of petrol.
With major
set to come into effect from midnight, motorists have been warned of more increases next month.
This is thanks to tax hikes that come into effect. Finance Minister Tito Mboweni announced last month that fuel levies would increase by 29 cents
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It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – Petrol price increase in March to be higher than first expected
The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates.
It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central Energy Fund (CEF) earlier in the month, proposed a hike of 43 cents per litre for petrol and 60 cents per litre for diesel, recent revelations paint a grim picture for South Africans.
Petrol price increase in March
The Automobile Association (AA) of South Africa noted that a steady increase in international oil prices, coupled with a weakening rand – both experienced after the first estimate tabled by the CEF – had since altered original evaluations. The Energy Department has echoed the AA’s sentiments – pointing to mooted increases which almost double first guesses.
According to the Energy Departmen
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