Johannesburg - South African motorists are facing the biggest fuel price increases in the country’s history by far.
This according to the Automobile Association, in light of the Central Energy Fund’s unaudited mid-month data, which the association has been monitoring since 1 September.
AA Spokesman Layton beard said: “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at the end of September.
"Based on the current data, we’ll be paying R1.12 a litre more for petrol, and R1.17 a litre more for illuminating paraffin. But it is diesel users who will be hit hardest, with a possible price hike of R1.38 a litre, pushing it close to R16 a litre.”
To put that in perspective: In January 2018 the price of 93 unleaded petrol inland was R14.20 a litre; by the end of September we are looking at an inland price close to R17 a litre - an increase of about 20 percent since the beginning of this year.