Fuel price August 2022

Joburg - Following months of brutal fuel price increases, the cost of petrol and diesel is set to come down in August. The Department of Energy announced ...

Had it not been for currency depreciation, the price of 95 Unleaded petrol would have decreased by around R2.18. Although it’s not possible to compare the retail prices of diesel as prices for this deregulated fuel differ across outlets, the wholesale price inflation over the past 10 years paints an equally grim picture. “Decreases offer immediate relief but increases filter into the economy over time, especially as those sectors affected by them don’t immediately adjust their prices downward but instead wait for more consistent fuel cuts that lower their input costs,” the AA said. Petrol prices have outpaced general inflation by a huge margin. The inland wholesale price of 50ppm diesel was listed at R10.32 back in August 2012, compared to R23.98 in 2022. This hits home even harder when you consider how steeply prices have increased over the last decade.