Diesel price increase

JOHANNESBURG, Nov. 1 (Xinhua) -- South Africa's Road Freight Association said on Tuesday that the latest fuel price increases will force it to increase ...

They need to increase their pricing to cover the ever-increasing cost of diesel, and there are transporters who will not be able to carry on," said Gavin Kelly, chief executive officer of the association. 2, the price of both grades of petrol (93 and 95) will increase by 51 cents per liter. The Department of Mineral Resources and Energy recently announced that there will be a fuel price increase with effect from Wednesday as a result of some rising international fuel prices and the depreciation of the country's currency, Rand.

The Road Freight Association(RFA) says many consumers will 'stay at home' and cut 'lavish spending' this Christmas as the fuel price increase means ...

“They need to increase their pricing to cover the ever-increasing cost of diesel, and there are transporters who will not be able to carry on. The RFA said the cost of diesel for transporters will increase by R1,42 for 500ppm and R1,43 for 50ppm. The price of both grades of petrol - 93 and 95 - will increase by 51 cents per litre.

JOHANNESBURG, Nov. 1 (Xinhua) -- South Africa's Road Freight Association said on Tuesday that the latest fuel price increases will force it to increase ...

They need to increase their pricing to cover the ever-increasing cost of diesel, and there are transporters who will not be able to carry on," said Gavin Kelly, chief executive officer of the association. 2, the price of both grades of petrol (93 and 95) will increase by 51 cents per liter. The Department of Mineral Resources and Energy recently announced that there will be a fuel price increase with effect from Wednesday as a result of some rising international fuel prices and the depreciation of the country's currency, Rand.

The main fuel for the transport and agriculture sectors has virtually doubled in less than year.

“There are many cost pressures, but the higher fuel prices will exacerbate the current situation with margins being eroded, discouraging expansion and replenishment of already expensive farming equipment.” “The next in a long line of such domino effects that we have seen too often in the last few months.” “We need to consult with farmers to ensure food security. “You and I will pay more for, well, everything.” The agricultural sector should be prioritised so that cost pressures can be alleviated in order for the sector to continue to provide food for the country.” “Transporters will feel this impact on their businesses,” says Kelly, adding that many transporters will not be able to muster the guarantees required for purchasing fuel on credit.

According to the RAC, supermarkets ordinarily offer petrol and diesel at a rate of around 4p a litre cheaper than the UK average, however the current rate for ...

[Petrol prices have also risen by 4p a litre,](https://www.telegraph.co.uk/business/2022/10/11/petrol-prices-rise-first-time-three-months-opec-chokes-supply/) adding pressure to already-strained family budgets. [The cost of a litre of diesel rose to 190.49p](https://www.telegraph.co.uk/business/2022/10/28/diesel-prices-climb-190p-per-litre-first-time-since-august/) at the end of October, after starting the month at 180.37p, according to the RAC motoring group. Supply cuts combined with a general move away from Russian diesel in the UK and a low exchange rate has caused a huge jump in the price of fuel for consumers this year, he said. But the supermarkets are extremely resistant in cutting their prices and therefore the UK average didn't fall as much as it should have done. [to cut the supply by two million barrels a day](https://www.telegraph.co.uk/business/2022/10/05/saudi-arabia-russia-defy-biden-biggest-oil-output-cut-two-years/) had added to fuel woes. [major supermarkets have resisted passing on these reductions to their customers,](https://www.telegraph.co.uk/business/2022/09/21/big-four-supermarkets-fail-pass-falling-fuel-prices-wholesale/) experts said.