Cape Town – Motorists are expected to face a significant increase in fuel prices in the upcoming month due to global supply and demand issues, geopolitical pressures, and the weakening of the local currency.
According to IOL, the Fuel Retailers Association (FRA) CEO Reggie Sibiya has expressed concern over the impact of these price hikes on both motorists and fuel retailers.
The FRA reported that 95 Unleaded petrol could rise by nearly R2 per litre, while diesel could increase by almost R3 per litre.
These rising fuel costs have led to reduced fuel consumption by motorists, affecting retailers’ profitability.
The FRA pointed out that this price surge coincided with the annual adjustment to petrol attendants’ wages, adding to the challenges faced by both retailers and consumers.
Despite a minor wage increase, the overall impact on consumers’ budgets is significant, especially considering the previous significant increases in fuel prices over the past few years.
Below are the latest projections, according to The South African.
| FUEL | PRICE CHANGE | |
| Petrol 93 | increase of 159 cents | |
| Petrol 95 | increase of 164 cents | |
| Diesel 0.05% | increase of 280 cents | |
| Diesel 0.005% | increase of 273 cents | |
| Illuminating Paraffin | increase of 275 cents |
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Compiled by Betha Madhomu
