Cape Town — Despite early signs of relief for April, motorists will unfortunately have to endure another month of fuel price increases following a spike in international oil prices.
According to the latest Central Energy Fund (CEF) data shows that 93 and 95 unleaded petrol is set to increase by 32 and 34 cents per litre, respectively, with potential for a 40 cents increase come month end, should the current trends continue, IOL reported.
However, there is at least some reprieve for diesel motorists as current numbers indicate a decrease of between 28 and 33 cents per litre.
The anticipated diesel price decrease is good news for the economy, says the Automobile Association (AA).
“Diesel is a big input cost in major sectors such as agriculture, mining, manufacturing, and retailing, and an increase here often contributes to increased prices of basic commodities,” the Association pointed out.
The Citizen reported that MasterDrive CEO Eugene Herbert said that as we head into the colder months and potentially much higher fuel prices, we must look at how to make petrol last longer.
Current petrol prices cost R23.73 per litre (coast) and R24.45 per litre (inland) for 95 unleaded, R24.13 per litre for 93 unleaded, while diesel is trading at R21.19 (coast) and R22.61 (inland)
South Africa’s official fuel prices will be announced by the Department of Energy early next week and will come into effect on Wednesday, April 3
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Compiled by Matthew Petersen
