Fuel price April 2022

2022 - 4 - 4

Post cover — Image courtesy of "Independent Online"

Experts welcome cut in levy, but warn fuel prices may still go up (Independent Online)

Experts have welcomed the reduction in the fuel levy but still expect an increase in the fuel price due to the ongoing Russia/Ukraine conflict, ...

“We have to understand the need for the fuel levy reduction. We, however, welcome this move and hope that more attention will be paid to the fuel levy in future.”Dr Sanele Gumede, a lecturer in economics at the University of KwaZulu-Natal, said the increasing fuel price had led to inflation increasing, and the government had to act to help boost the economy.“The people of South Africa have already been dealt a blow with the recent increase in the interest rate and now with another fuel price hike looming, the fuel levy cut will lessen the impact of the fuel price increase. I expect the fuel levy to be increased once the Russia/Ukraine crisis is resolved.” Unfortunately even with a decrease in the fuel levy, consumers shouldn’t expect a decrease in the price of food and goods. The reduction is to be funded by a liquidation of a portion of the government’s strategic crude oil reserves. DURBAN - EXPERTS have welcomed the reduction in the fuel levy, but say fuel prices might still go up this month, due to the ongoing Russia/Ukraine conflict and the high price of Brent crude oil.

Petrol price to go up for April (Eyewitness News)

Mineral Resources and Energy Minister Gwede Mantashe, has announced fuel price hikes that take effect on Wednesday.

JOHANNESBURG - The Mineral Resources and Energy Department has announced an increase in all grades of petrol, diesel and paraffin. Mineral Resources and Energy Minister Gwede Mantashe, has announced fuel price hikes that take effect on Wednesday. The new petrol price is effective from Wednesday.

Fill up your tanks: Petrol price increases for April announced (Citizen)

Despite the reduction in levies, meant to give South Africans some reprieve from spiralling fuel prices, Mineral Resources and Energy Minister Gwede ...

However, this decrease is not enough to offset the overall average increase in oil prices during this period. * Maximum LPGas retail price will increase by R2.50 per litre * (95 ULP & LRP) will increase by thirty-six cents per litre * (93 ULP & LRP) will increase by twenty-eight cents per litre The total fuel levy will now amount to R2.44 per litre for petrol and R2.30 per litre for diesel. * Single Maximum National Retail Price for illuminating paraffin increases by R 3.55 per litre

April fuel price for SA: We've got good news, and bad news… (The South African)

How much will South Africans pay for petrol and diesel? According to the BER, petrol is now on course to rise by just 30 cents per litre. Had it not been for ...

Well, despite efforts to reduce the price of diesel, that’s still on course to rise by R1.50p/l. Although it’s not the dreaded R3 hike, this is still a significant increase for all diesel consumers. An average litre of petrol is now expected to cost R21.90 inland, and R21.18 for coastal regions. According to the BER, petrol is now on course to rise by just 30 cents per litre. The same costs for diesel are expected to reach R20.98 (inland) and R20.37 (coastal) respectively. However, market fluctuations and a change in state policy have brought these forecasts right down. We do, however, have some good news to bring you as well…

Consumers face further fuel price hikes (Moneyweb.co.za)

Petrol (both 93 unleaded petrol and leaded replacement petrol): will rise by 28 cents per litre (c/l); Petrol (both 95 ULP and LRP): up 36c/l; Diesel (0.05 ...

However, motorists can look forward to a temporary reduction in the general fuel levy of R1.50 for the next two months from April 6 until May 31. “With respect to diesel, apart from increasing crude oil prices, there is also a shortage of diesel supply which is due to lower exports from Russia as a major exporter of distillate fuel at discounted prices. This has led to a spike in crude oil prices.

Mineral Resources, Energy Minister Gwede Mantashe Announces ... (Techfinancials.co.za)

Mineral Resources and Energy Minister Gwede Mantashe on Monday announced fuel price hikes. He said the fuel prices for February 2022 will be adjusted as ...

❖ Diesel (0.005% sulphur): 168.56 cents per litre increase; ❖ Diesel (0.05% sulphur): 152.56 cents per litre increase; ❖ Petrol (both 93 ULP and LRP): 28 cents per litre increase;