Petrol price April 2022 South Africa

2022 - 4 - 4

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Image courtesy of "BusinessTech"

Silver lining for South Africa's petrol price hike this week (BusinessTech)

A stronger rand exchange rate and the government's decision to intervene on higher costs means South Africa's 'record' petrol price hike this week will be…

“However, over the shorter term, very strict lockdowns in parts of China are set to weigh on oil demand. “Government is aiming to benefit from current high(er) prices with the sale and hopes that oil prices would have come down by June when the levy reduction ends.” “Both diesel and petrol prices will thus rise further from record-high levels, but significantly less so than expected earlier in March. The estimated R6 billion in foregone tax revenue for the two months because of the lower fuel levy is expected to be made up by the sale of strategic crude oil reserves,” it said.

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Image courtesy of "The South African"

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…

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Image courtesy of "Moneyweb.co.za"

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.

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