Petrol price increase

These twin catastrophes, as it stands, may force fuel costs up by more than R2-per-litre themselves. Add that to the General Fuel Levy coming back into effect, ...

“Based on information, about two days ago the petrol price would’ve increased by nearly R2 a litre in anyevent. Last week, we broke the shock news that the petrol price would spike at a ridiculous rate in little over two weeks’ time. That is already higher than the R3p/l increase that was predicted last week.

This comes after the fuel levy reprieve that was granted to consumers by government to assist them with a lower petrol price kicks in again from the end of May.

- International oil prices: The international oil price has been relatively high and that will add another R1 to a litre of petrol. - The exchange rate of the rand: The rand weakened and because of that we can expect an increase in the petrol price of around R1 a litre. Roodt said there are three factors that will add to the increase in the petrol price next month.

The JSE closed in positive territory on Monday with financials and resources sectors leading the gains to close at 69 211.76. The All Share index was 0.82% ...

“While it’s too early to precisely assess what June’s fuel price moves will be although the R1.50 a litre cut in the fuel levy will wear out by then. The MPC is expected to hike interest rates by 50 basis points on Thursday. Chief Economist at Investec, Annabel Bishop said: “We expect CPI inflation will remain unchanged in April at 5.9% year-on-year, the outcome could be fractionally lower barring heady medical expenses. “China’s Covid-19-based limitations have depressed commodity demand, weakening commodity currencies throughout the world. South Africa’s consumer price inflation is expected to remain unchanged in April after it rose 5.9% in March to the upper limit of the central bank’s target band. The inflationary impact of the recent surge in the oil price and the weakness of the rand will be some of the key factors the Reserve Bank’s Monetary Policy Committee (MPC) will be considering as it meets to consider its next move on interest rates.

The highest average retail price was Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27.

We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages. The highest average retail price was Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27. The report said on state profile analysis, that the state with the highest average price for Diesel in April 2022 was Osun with N707.00, followed by Abuja and Oyo with N706.00 and N704.00 respectively. On the other hand, the state with the lowest average retail price was Yobe with N535.00, followed by Kogi and Bauchi maintaining the same retail price of N550.00 each, and Imo with N583.41. In addition, the zone analysis shows that the average price of Diesel was highest in the South-West with N688.94, while the North-East had the lowest price with N617.11. “On a month-on-month basis, the average retail price increased from N539.32 in March 2022, indicating a rise of 21.35 per cent when compared to the average retail price paid in April 2022.” The NBS revealed in its Automotive Gas Oil (Diesel) Price Watch Report for April 2022 that the average retail price of Diesel paid by consumers increased by 175.92 per cent, from N237.19 in April 2021 to N654.46 recorded in April 2022. The report said that on state profile analysis, the highest average retail price for petrol was recorded in Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27 respectively. On the other hand, the lowest average retail price for petrol was recorded in Ebonyi and Nasarawa with N165.00 each, followed by Lagos and Katsina with N165.13 and N165.25 respectively. It said that the highest average retail price was recorded in the South-East zone with N183.69, while the North-Central had the least with N166.57. “Likewise, on a month-on-month basis, the average retail price decreased by 6.85 per cent from N185.30 in March 2022, compared to the average retail price paid by consumers in April 2022.” The National Bureau of Statistics (NBS) says the average retail price paid by consumers for petrol increased to N172.61 in April.

The NBS also says that Kaduna residents paid the highest price for petrol in April, compared to other states.

Good journalism costs a lot of money. The report said on state profile analysis, that the state with the highest average price for Diesel in April 2022 was Osun with N707.00, followed by Abuja and Oyo with N706.00 and N704.00 respectively. “On a month-on-month basis, the average retail price increased from N539.32 in March 2022, indicating a rise of 21.35 per cent when compared to the average retail price paid in April 2022.” The NBS revealed in its Automotive Gas Oil (diesel) Price Watch Report for April 2022 that the average retail price of diesel paid by consumers increased by 175.92 per cent, from N237.19 in April 2021 to N654.46 recorded in April 2022. The report said that on state profile analysis, the highest average retail price for petrol was recorded in Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27 respectively. “Likewise, on a month-on-month basis, the average retail price decreased by 6.85 per cent from N185.30 in March 2022, compared to the average retail price paid by consumers in April 2022.”

The quantum of hike in pump price of diesel is likely to be more this time.

The quantum of price hike on diesel could be more than that of petrol, the source further added, as the revenue loss for diesel for Oil Marketing Companies (or OMCs ) are higher in comparison to petrol. As the world’s second-biggest oil importer, the country spent $119.2 billion in FY21-22 vs. The hike in the price of diesel could be somewhere in the range of Rs 3-4 and for petrol the range could be between Rs 2-3.

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

“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.

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.