Fuel price increase

Fuel in South Africa could rise up by R2 per litre and disel at R1.62 per litre in June. This is according to the Automobile Association (AA)

‘The two main factors which influence local fuel prices are the rand/US dollar exchange rate and international oil prices. ‘Based on current, unaudited data from the CEF, petrol is expected to increase by between R1.93 and R1.97 a litre, diesel is expected to increase by between R1.60 and R1.62 a litre, and illuminating paraffin is expected to climb by a whopping R2.14 a litre.’ This is according to the Automobile Association (AA), commenting on unaudited mid-month data from the Central Energy Fund (CEF), which points to massive fuel price increases across the board for June.

While it is still too early to predict what the fuel price increase would be for June, current prices are seriously undervalued, which points to another ...

These measures included a 3c/l reduction in the Basic Fuel Price, the termination of the Demand Side Management Levy of 10c/l on 95 octane unleaded petrol sold inland, the introduction of a price cap on 93 octane petrol to allow regulators to sell at a price below the regulated price, and the termination of the practice of publishing guidance on diesel prices by the Department of Minerals and Energy in an effort to promote competition. Minister of Finance Enoch Godongwana and Minister of Mineral Resources and Energy Gwede Mantashe released a statement at the end of March in which the introduction of a package of measures was proposed once the temporary reduction in the levy ended in June. On top of this, the general fuel levy, which government cut by R1,50/l to soften the blow of rising fuel costs, would be reintroduced by the end of May, adding an additional R1,50/l to fuel prices.

A gasoline pump seen at the petrol station. The Automobile Association (AA) has warned that motorists will face a massive fuel price increase in June.

“Once again the consumer is paying the brunt for the inadequacy of government. If the fuel levy is discontinued this would mean further hardships for consumers. Diesel is expected to increase by R1. 62 cents a litre. In late March, government reduced the General Fuel Levy by R1.50 cents for April and May. This brought temporary relief to consumers. Isn’t it time that you have a look at your own people and start considering your own people, they just can’t afford it anymore?” The Central Energy Fund expects fuel to go up to be between R1.93 cents a litre and R1.97 cents a litre.

The Automobile Association (AA) says consumers could face further pressure because government's earlier relief of reducing the General Fuel Levy (GFL) ends ...

“When government announced the relief in March, it also noted other measures proposed by the Minister of Mineral Resources and Energy (DMRE) to be introduced after the expiry of the temporary measures. The Rand is currently trading weaker against the dollar and oil prices are also still high. The big question now is how government plans to deal with rising fuel costs from June onwards, especially given that baseline prices are forecast to move significantly upwards in June,” a statement read.

Airfares may rise further in the coming days after the latest hike in jet fuel price, as airlines pass on the higher expense to customers.

Airfares may rise further in the coming days after the latest hike in jet fuel price, as airlines pass on the higher expense to customers. Domestic airfares in May are up 50-75% on popular routes as compared to the year-ago period. However, a steep hike could depress passenger traffic that has seen a steady rise in the last few months. Airfares may rise further in the coming days after the latest hike in jet fuel price, as airlines pass on the higher expense to customers. Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) and its allies have refused to increase oil production, leading to a further escalation in prices. However, a steep hike could depress passenger traffic that has seen a steady rise in the last few months.

KYIV (Reuters) - Ukraine's government has lifted restrictions on fuel prices to enable traders to import more and make up the shortage Ukraine is ...

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Minister of State for Petroleum Dr Musaddiq Malik has said that Prime Minister Shehbaz Sharif has refused to increase prices of petroleum products until the ...

“Pakistan Tobacco is currently one of the highest tax-paying companies in Pakistan,” he boasted. He emphasised that the success of track and trace system in the tobacco industry depended on its effective implementation. He said that British American Tobacco recently invested $45 million in the country for the development of its first tobacco-free nicotine manufacturing plant in Pakistan and the creation of a new global business service bub.

Annual consumer price inflation remained unchanged at 5.9% in April 2022, Statistics SA reported on Wednesday. This is the third time in five months that ...

From March to April, fuel prices increased by 2.2%. South African wheat prices are currently at record-high levels. Prices of hot beverages also showed a big monthly increase (up 1.3% from March), with ground coffee (up 2.4%) and instant coffee (up 2.1%) growing rapidly more expensive. Meat prices rose by 1% between March and April, with stewing beef (up 2.8%), mince (up 2.2%) and individually frozen chicken pieces (up 1.4%) seeing the biggest increases. Statistics SA reports that the average price of sunflower oil (750 ml) increased from R31.24 in March to R34.89 in April. Despite the temporary reduction in fuel levies in April, fuel prices were 29% higher than in April 2021.

Although the April inflation rate remained the same, the Reserve Bank has to consider it tomorrow when it decides on the new repo rate.

The average price of sunflower oil increased from R31.24 in March to R34.89 in April. Between March and April, fuel prices increased by 2.2%, but by 29% year-on-year. In March, the increase was 6.2%.

The Automobile Association (AA) said consumers face further pressure as government's earlier relief of reducing the general fuel levy (GFL) ends in Ma.

“We are rapidly nearing the end of May and the fuel outlook is looking bleak. The AA said while government’s relief on the GFL was welcome, a longer term solution is needed. “In late March, government reduced the GFL by R1.50 for April and May, which brought temporary relief to consumers.

1. Renault Kiger · 2. Hyundai Venue · 3 . Suzuki Swift · 4. Volkswagen Polo Vivo · 5. Toyota Corolla Cross.

But, thanks to a claimed fuel consumption of 5.7 litres per 100km in the base version, you can expect around 790km from each tank of petrol. Based on a claimed combined cycle fuel consumption figure of 4.9 litres per 100km, you might be able to squeeze up to 755km from the base model. Like the Venue and the Swift, the Polo Vivo models that most of us might be able to afford come with naturally aspirated engines. Please share your real-world fuel consumption figures in the comments section if you own one of these cars. The vehicle comes with a 45-litre fuel tank across the range, setting you back around R1071.45 per fill up. You could achieve 692 kilometres per tank of petrol based on a claimed combined cycle fuel consumption of 6.5 litres per 100km. We discussed what it might cost to replace the tyres on some of SA's best-selling cars in this piece. Nevertheless, readers have not mailed us with Swift fuel consumption horror stories, so we think you're making a good choice if you want something frugal. The Association says while the government's relief on the GFL was welcome, a longer-term solution is needed. "In late March government reduced the GFL by R1.50 for April and May, which brought temporary relief to consumers. The government needs to address this issue sooner rather than later; consumers are anxious about what lies ahead. The Rand is currently trading weaker against the dollar, and oil prices are also high.

The rand/US dollar exchange rate in combination with a weaker rand and high oil prices dictate significant increases across the board for fuel and paraffin ...

“We are rapidly nearing the end of May and the fuel outlook is looking bleak. The AA said while government’s relief on the GFL was welcome, a longer term solution is needed. “In late March, government reduced the GFL by R1.50 for April and May, which brought temporary relief to consumers.