South African motorists are still reeling from this month’s substantial fuel price increases of 74 cents a litre for petrol and 93 cents for diesel, but there is more on the way thanks to a deadly cocktail of high oil prices, weak currency and additional taxes.
When one factors in the additional fuel levies that take effect at the beginning of April, as well as mid-month fuel price data supplied by the Department of Energy, the cost of petrol is forecast to increase by around R1.18 a litre, while diesel should rise by 90 cents a litre, according to the Automobile Association.
While these price increases are not set in stone, they are more or less what you can expect if the current oil price and currency trends persist until the end of this month, and there is currently no evidence that either factor will provide any relief.
If the predictions turn out to be accurate then motorists in Gauteng will pay R15.78 for a litre of 93 Unleaded petrol and R16 a litre for 95 Unleaded, while the coastal price for 95 will rise to R15.41.
Motorists taxed to death